Indiana Statutes

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

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 2 Sales
(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)
19 case citations

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