Illinois Statutes
§ 2-707 — "Person in the position of a seller"
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 2 - Sales
(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 other right in goods similar to that of a seller.
(2)A person in the position of a seller may as provided in this Article withhold or stop delivery (Section 2-705) and resell (Section 2-706) and recover incidental damages (Section 2-710).
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Legislative History
(Source: Laws 1961, p. 2101 .)
Nearby Sections
15
§ 2-101
Short title§ 2-102
§ 2-102§ 2-104
Definitions§ 2-105
§ 2-105§ 2-106
§ 2-106§ 2-203
Seals inoperative§ 2-204
Formation in general§ 2-205
Firm offers§ 2-208
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