Colorado § 4-2-706 Seller's resale including contract for resale

Colorado Statutes

§ 4-2-706 — Seller's resale including contract for resale

Colorado § 4-2-706

Title 04Uniform

Art.Sales

This text of Colorado § 4-2-706 (Seller's resale including contract for resale) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2-706 (2026).

Text

(1)Under the conditions stated in section 4-2-703 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 difference between the resale price and the contract price together with any incidental damages allowed under the provisions of this article (section 4-2-710), but less expenses saved in consequence of the buyer's breach.

(2)Except as otherwise provided in subsection (3) of this section or unless otherwise agreed, resale may be at public or private sale, including sale by way of one or more contracts to sell or of identification to an existing contract of the seller. Sale may be as a unit or in parcels and at any time and plac

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(1) Under the
conditions stated in section 4-2-703 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
difference between the resale price and the contract price together with any
incidental damages allowed under the provisions of this article (section 4-2-710),
but less expenses saved in consequence of the buyer's breach.

(2) Except as otherwise provided in subsection (3) of this section or unless
otherwise agreed, resale may be at public or private sale, including sale by way of
one or more contracts to sell or of identification to an existing contract of the seller.
Sale may be as a unit or in parcels and at any time and place and on any terms but
every aspect of the sale including the method, manner, time, place, and terms must
be commercially reasonable. The resale must be reasonably identified as referring
to the broken contract, but it is not necessary that the goods be in existence or that
any or all of them have been identified to the contract before the breach.

(3) Where the resale is at private sale, the seller must give the buyer
reasonable notification of his intention to resell.

(4) Where the resale is at public sale:

(a) Only identified goods can be sold, except where there is a recognized
market for a public sale of futures in goods of the kind; and

(b) It must be made at a usual place or market for public sale if one is
reasonably available, and, except in the case of goods which are perishable or
threaten to decline in value speedily, the seller must give the buyer reasonable
notice of the time and place of the resale; and

(c) If the goods are not to be within the view of those attending the sale, the
notification of sale must state the place where the goods are located and provide
for their reasonable inspection by prospective bidders; and

(d) The seller may buy.

(5) A purchaser who buys in good faith at a resale takes the goods free of
any rights of the original buyer even though the seller fails to comply with one or
more of the requirements of this section.

(6) The seller is not accountable to the buyer for any profit made on any
resale. A person in the position of a seller (section 4-2-707) or a buyer who has
rightfully rejected or justifiably revoked acceptance must account for any excess
over the amount of his security interest, as hereinafter defined (subsection (3) of
section 4-2-711).