Section 561
Special Provisions Relating To Compensation
Notwithstanding
anything contained elsewhere in this Part, the following provisions
shall apply to compensation for a contract under this Chapter:
(a) If the buyer does not accept or rejects the goods or
refuses to pay the price of the goods after the making
of a contract of the sale of goods, the seller may,
subject to the contract, claim compensation from the
buyer in consideration of the buyer's failure to accept
or refusal to accept the goods,
(b) While determining compensation under clause (a), if
the goods which the buyer has not accepted or has
refused to accept are available in the market,
compensation shall be determined on the basis of the
difference between the price of the goods specified in
the contract and the market or prevalent price of the
goods,
(c) If the seller does not deliver or refuses to deliver the
goods according to the contract for the sale of goods,
the buyer may claim compensation from the seller for
his or her failure to deliver the goods,
(d) While determining compensation under clause (c), if
the goods which the seller has refused or failed to
deliver to the buyer are available in the market,
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compensation shall be determined on the basis of
difference between the price of the goods specified in
the contract and the market or prevalent price of the
goods.