Cover purchase
In the case of a covering purchase, the buyer has to obtain urgently needed goods from another supplier due to a delay in delivery by a seller . However, the goods must be comparable and must not deviate too much from the goods originally ordered. If the new goods are more expensive, the price difference has to be paid by the seller who is in default of delivery.
One speaks of a covering sale or self-help sale when a debtor z. B. In the event of default of the creditors, the goods are sold to a third party as a substitute, regulated by law, for example in Section 383 BGB or Section 373 HGB for commercial purchases .
In the financial sector, a covering purchase means the subsequent acquisition of securities or foreign currency so that delivery can be made on time after short sales .
Web links
- Roy Dörnhofer: Practice case: The premature cover purchase ZJS 2013, pp. 176–180
Individual evidence
- ↑ BGH, judgment of July 3, 2013 - VIII ZR 169/12
- ↑ Nicolas Hohn-Hein: BGH: Additional costs of a cover purchase no delay damage August 10, 2013
- ↑ What is a covering purchase? börsenNEWS.de, accessed on June 10, 2017
