US Lawyer Database

§ 47-2-702. Seller’s Remedies on Discovery of Buyer’s Insolvency

Where the seller discovers the buyer to be insolvent he may refuse delivery except for cash including payment for all goods theretofore delivered under the contract, and stop delivery under this chapter (§ 47-2-705). Where the seller discovers that the buyer has received goods on credit while insolvent he may reclaim the goods upon demand […]

§ 47-2-703. Seller’s Remedies in General

Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract (§ 47-2-612), then also with respect to […]

§ 47-2-705. Seller’s Stoppage of Delivery in Transit or Otherwise

The seller may stop delivery of goods in the possession of a carrier or other bailee when he discovers the buyer to be insolvent (§ 47-2-702) and may stop delivery of carload, truckload, planeload or larger shipments of express or freight when the buyer repudiates or fails to make a payment due before delivery or […]