California Civil Code 3353 – In estimating damages, the value of property to a seller thereof is …
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In estimating damages, the value of property to a seller thereof is deemed to be the price which he could have obtained therefor in the market nearest to the place at which it should have been accepted by the buyer, and at such time after the breach of the contract as would have sufficed, with reasonable diligence, for the seller to effect a resale.
(Enacted 1872.)
Terms Used In California Civil Code 3353
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- property: includes property real and personal. See California Civil Code 14