Question: review the section damages for no acceptance. In that section's acceptance Refinery refused Oilko shipment on November 1 when the oil was worth 99$ per
review the section damages for no acceptance. In that section's acceptance Refinery refused Oilko shipment on November 1 when the oil was worth 99$ per barrel.Oilko waited 3 months to resell the oil and at that time it received only 92$ per barrel. In such case the UCC allows Oilko to receive only 1$ per barrel damages rather than the 8$ per barrel reduction in price it actually received. Is it fair ? Would it be more sensible to allow a company like Oilko to receive 8$ per barrel in damages ?
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