Review the section “Damages for Non-Acceptance”. In that section’s example, Refinery refused Oilko’s shipment on November 1, when the oil was worth $99 per barrel. Oilko waited three months to resell the oil, and at that time it received only $92 per barrel. In such a case, the UCC allows Oilko to receive only $1 per barrel in damages, rather than the $8 per barrel reduction in price it actually received. Is this fair? Would it be more sensible to allow a company like Oilko to receive $8 per barrel in damages?