Indiana Statutes
§ 26-1-2-704 — Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
(1)An aggrieved seller under IC 26-1-2-703 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 or control;
(b)treat as the subject of resale goods which have demonstrably
been intended for the particular contract even though those goods
are unfinished.
(2)Where the goods are unfinished, an aggrieved seller may in the
exercise of reasonable commercial judgment for the purposes of
avoiding loss and of effective realization either complete the
manufacture and wholly identify the goods to the contract or cease
manufacture and resell for scrap or salvage value or proceed in any
other reasonable manner.
Formerly: Acts 1963, c.317, s.2-704. As amended by
P.L.152-1986, SEC.163.
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Indiana § 26-1-2-704 (Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Adsit Co., Inc. v. Gustin
874 N.E.2d 1018 (Indiana Court of Appeals, 2007)
Nearby Sections
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§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability