Effective – 28 Aug 1963 400.2-701. Remedies for breach of collateral contracts not impaired. — Remedies for breach of any obligation or promise collateral or ancillary to a contract for sale are not impaired by the provisions of this article. ——– (L. 1963 p. 503 § 2-701)
Effective – 28 Aug 1963 400.2-702. Seller’s remedies on discovery of buyer’s insolvency. — (1) 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 article (section 400.2-705). (2) Where the seller discovers that […]
Effective – 28 Aug 1963 400.2-703. 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 […]
Effective – 28 Aug 1963 400.2-704. Seller’s right to identify goods to the contract not withstanding breach or to salvage unfinished goods. — (1) An aggrieved seller under section 400.2-703 may (a) identify to the contract conforming goods not already identified if at the time he learned of the breach they are in his possession […]
Effective – 28 Aug 1963 400.2-705. Seller’s stoppage of delivery in transit or otherwise. — (1) The seller may stop delivery of goods in the possession of a carrier or other bailee when he discovers the buyer to be insolvent (section 400.2-702) and may stop delivery of carload, truckload, planeload or larger shipments of express […]
Effective – 28 Aug 1963 400.2-706. Seller’s resale including contract for resale. — (1) Under the conditions stated in section 400.2-703 on seller’s remedies, the seller may resell the goods concerned or the undelivered balance thereof. Where the resale is made in good faith and in a commercially reasonable manner the seller may recover the […]
Effective – 28 Aug 1963 400.2-707. “Person in the position of a seller”. — (1) A “person in the position of a seller” includes as against a principal an agent who has paid or become responsible for the price of goods on behalf of his principal or anyone who otherwise holds a security interest or […]
Effective – 28 Aug 1963 400.2-708. Seller’s damages for nonacceptance or repudiation. — (1) Subject to subsection (2) and to the provisions of this article with respect to proof of market price (section 400.2-723), the measure of damages for nonacceptance or repudiation by the buyer is the difference between the market price at the time […]
Effective – 28 Aug 1963 400.2-709. Action for the price. — (1) When the buyer fails to pay the price as it becomes due the seller may recover, together with any incidental damages under section 400.2-710, the price (a) of goods accepted or of conforming goods lost or damaged within a commercially reasonable time after […]
Effective – 28 Aug 1963 400.2-710. Seller’s incidental damages. — Incidental damages to an aggrieved seller include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of goods after the buyer’s breach, in connection with return or resale of the goods or otherwise resulting from the breach. […]
Effective – 28 Aug 1963 400.2-711. Buyer’s remedies in general — buyer’s security interest in rejected goods. — (1) Where the seller fails to make delivery or repudiates or the buyer rightfully rejects or justifiably revokes acceptance then with respect to any goods involved, and with respect to the whole if the breach goes to […]
Effective – 28 Aug 1963 400.2-712. “Cover” — buyer’s procurement of substitute goods. — (1) After a breach within section 400.2-711 the buyer may “cover” by making in good faith and without unreasonable delay any reasonable purchase of or contract to purchase goods in substitution for those due from the seller. (2) The buyer may […]
Effective – 28 Aug 1963 400.2-713. Buyer’s damages for nondelivery or repudiation. — (1) Subject to the provisions of this article with respect to proof of market price (section 400.2-723), the measure of damages for nondelivery or repudiation by the seller is the difference between the market price at the time when the buyer learned […]
Effective – 28 Aug 1963 400.2-714. Buyer’s damages for breach in regard to accepted goods. — (1) Where the buyer has accepted goods and given notification (subsection (3) of section 400.2-607) he may recover as damages for any nonconformity of tender the loss resulting in the ordinary course of events from the seller’s breach as […]
Effective – 28 Aug 1963 400.2-715. Buyer’s incidental and consequential damages. — (1) Incidental damages resulting from the seller’s breach include expenses reasonably incurred in inspection, receipt, transportation and care and custody of goods rightfully rejected, any commercially reasonable charges, expenses or commissions in connection with effecting cover and any other reasonable expense incident to […]
Effective – 01 Jul 2001 400.2-716. Buyer’s right to specific performance or replevin. — (1) Specific performance may be decreed where the goods are unique or in other proper circumstances. (2) The decree for specific performance may include such terms and conditions as to payment of the price, damages, or other relief as the court […]
Effective – 28 Aug 1963 400.2-717. Deduction of damages from the price. — The buyer on notifying the seller of his intention to do so may deduct all or any part of the damages resulting from any breach of the contract from any part of the price still due under the same contract. ——– (L. […]
Effective – 28 Aug 1963 400.2-718. Liquidation or limitation of damages — deposits. — (1) Damages for breach by either party may be liquidated in the agreement but only at an amount which is reasonable in the light of the anticipated or actual harm caused by the breach, the difficulties of proof of loss, and […]
Effective – 28 Aug 1963 400.2-719. Contractual modification or limitation of remedy. — (1) Subject to the provisions of subsections (2) and (3) of this section and of section 400.2-718 on liquidation and limitation of damages, (a) the agreement may provide for remedies in addition to or in substitution for those provided in this article […]
Effective – 28 Aug 1963 400.2-720. Effect of “cancellation” or “rescission” on claims for antecedent breach. — Unless the contrary intention clearly appears, expressions of “cancellation” or “rescission” of the contract or the like shall not be construed as a renunciation or discharge of any claim in damages for an antecedent breach. ——– (L. 1963 […]
