Arizona § 47-2502 Buyer's right to goods on seller's insolvency

Arizona Statutes

§ 47-2502 — Buyer's right to goods on seller's insolvency

Arizona § 47-2502

Title 47Arizona Revised Statutes

Ch. 2SALES

Art. 5Performance

This text of Arizona § 47-2502 (Buyer's right to goods on seller's insolvency) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-2502 (2026).

Text

A.Subject to subsections B and C of this section and even though the goods have not been shipped a buyer who has paid a part or all of the price of goods in which he has a special property under the provisions of section 47-2501 may on making and keeping good a tender of any unpaid portion of their price recover them from the seller if:

1.In the case of goods bought for personal, family or household purposes, the seller repudiates or fails to deliver as required by the contract; or

2.In all cases, the seller becomes insolvent within ten days after receipt of the first installment on their price.

B.The buyer's right to recover the goods under subsection A, paragraph 1 of this section vests on acquisition of a special property, even if the seller had not then repudiated or failed to d

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A. Subject to subsections B and C of this section and even though the goods have not been shipped a buyer who has paid a part or all of the price of goods in which he has a special property under the provisions of section 47-2501 may on making and keeping good a tender of any unpaid portion of their price recover them from the seller if:

1. In the case of goods bought for personal, family or household purposes, the seller repudiates or fails to deliver as required by the contract; or

2. In all cases, the seller becomes insolvent within ten days after receipt of the first installment on their price.

B. The buyer's right to recover the goods under subsection A, paragraph 1 of this section vests on acquisition of a special property, even if the seller had not then repudiated or failed to deliver.

C. If the identification creating his special property has been made by the buyer he acquires the right to recover the goods only if they conform to the contract for sale.