Indiana § 26-1-2-704 Seller's right to identify goods to the contract notwithstanding breach
or to salvage unfinished goods

Indiana Statutes

§ 26-1-2-704 — Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods

Indiana § 26-1-2-704

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 2Sales

This text of Indiana § 26-1-2-704 (Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-2-704 (2026).

Text

(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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(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.