North Dakota Statutes
§ 41-02-50 — (2-502) Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency
insolvency.
1.Subject to subsections 2 and 3 and even though the goods have not been shipped, a
buyer who has paid a part or all of the price of goods in which the buyer has a special
property under the provisions of section 41-02-49 may on making and keeping good a
tender of any unpaid portion of their price recover them from the seller if:
a.In the case of goods bought for personal, family, or household purposes, the
seller repudiates or fails to deliver as required by the contract; or
b.In all cases, the seller becomes insolvent within ten days after receipt of the first
installment on their price.
2.The buyer's right to recover the goods under subdivision a of subsection 1 vests upon
acquisition of a special property, even if the seller had not then repudiated or failed to
deliver.
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North Dakota § 41-02-50 ((2-502) Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) Presumptions