§ 26-1-2-711 — Buyer's remedies in general; buyer's security interest in rejected goods

Indiana § 26-1-2-711

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 2: Sales

Text

(1) Where the seller fails to make delivery
or repudiates or the buyer rightfully rejects or justifiably revokes
acceptance, then with respect to any goods involved, and with respect
to the whole if the breach goes to the whole contract (IC 26-1-2-612),
the buyer may cancel, and whether or not he has done so may in
addition to recovering so much of the price as has been paid:
(a) "cover" and have damages under IC 26-1-2-712 as to all the
goods affected whether or not they have been identified to the
contract; or
(b) recover damages for nondelivery as provided in IC 26-1-2-713.
(2) Where the seller fails to deliver or repudiates the buyer may
also:
(a) if the goods have been identified, recover them as provided in
IC 26-1-2-502; or
(b) in a proper case obtain specific performance or replevy the
goods as provided in IC 26-1-2-716.
(3) On rightful rejection or justifiable revocation of acceptance, a
buyer has a security interest in goods in his possession or control for
any payments made on their price and any expenses reasonably
incurred in their inspection, receipt, transportation, care, and custody
and may hold such goods and resell them in like manner as an
aggrieved seller (IC 26-1-2-706).
Formerly: Acts 1963, c.317, s.2-711. As amended by
P.L.152-1986, SEC.169.