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Kentucky · Snapshot 09/05/2026

KRS 355.2-723: Proof of market price: time and place.

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Where this section sits in the code

    (1) If an action based on anticipatory repudiation comes to trial before the time for

    performance with respect to some or all of the goods, any damages based on market

    price (KRS 355.2 -708 or 355.2 -713) shall be determined according to the price of

    such goods prevailing at the time when the aggrieved party learned of the

    repudiation.

    (2) If evidence of a price prevailing at the times or places described in this article is not

    readily available the price prevailing within any reasonable time before or after the

    time described or at any other place which in commercial judgment or under usage

    of trade would serve as a reasonable substitute for the one described may be used,

    making any proper allowance for the cost of transporting the goods to or from such

    other place.

    (3) Evidence of a relevant price prevailing at a time or place other than the one

    described in this article offered by one party is not admissible unless and until he

    has given the other party such notice as the court finds sufficient to prevent unfair

    surprise.

    Collected 2026-09-05T20:58:42Z. Source file · JSON

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