Indiana § 26-1-2-707 "Person in the position of a seller"

Indiana Statutes

§ 26-1-2-707 — "Person in the position of a seller"

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 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 IC 26-1-2 withhold or stop delivery (IC 26-1-2-705) and resell (IC 26-1-2-706) and recover incidental damages (IC 26-1-2-710). Formerly: Acts 1963, c.317, s.2-707. As amended by P.L.152-1986, SEC.166.

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(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 IC 26-1-2
withhold or stop delivery (IC 26-1-2-705) and resell (IC 26-1-2-706)
and recover incidental damages (IC 26-1-2-710).
Formerly: Acts 1963, c.317, s.2-707. As amended by
P.L.152-1986, SEC.166.

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