North Dakota § 41-02-58 (2-510) Effect of breach on risk of loss

North Dakota Statutes

§ 41-02-58 — (2-510) Effect of breach on risk of loss

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-02 Sales

1.If a tender or delivery of goods so fails to conform to the contract as to give a right of rejection, the risk of their loss remains on the seller until cure or acceptance.

2.If the buyer rightfully revokes acceptance, the buyer may to the extent of any deficiency in the buyer's effective insurance coverage treat the risk of loss as having rested on the seller from the beginning.

3.If the buyer as to conforming goods already identified to the contract for sale repudiates or is otherwise in breach before risk of their loss has passed to the buyer, the seller may to the extent of any deficiency in the seller's effective insurance coverage treat the risk of loss as resting on the buyer for a commercially reasonable time.

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1. If a tender or delivery of goods so fails to conform to the contract as to give a right of
rejection, the risk of their loss remains on the seller until cure or acceptance.
2. If the buyer rightfully revokes acceptance, the buyer may to the extent of any
deficiency in the buyer's effective insurance coverage treat the risk of loss as having
rested on the seller from the beginning.
3. If the buyer as to conforming goods already identified to the contract for sale
repudiates or is otherwise in breach before risk of their loss has passed to the buyer,
the seller may to the extent of any deficiency in the seller's effective insurance
coverage treat the risk of loss as resting on the buyer for a commercially reasonable
time.

North Dakota § 41-02-58 ((2-510) Effect of breach on risk of loss) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.