North Dakota Statutes

§ 41-02-66 — (2-603) Merchant buyer's duties as to rightfully rejected goods

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-02 Sales
1.Subject to any security interest in the buyer (subsection 3 of section 41-02-90), when the seller has no agent or place of business at the market of rejection a merchant buyer is under a duty after rejection of goods in the merchant buyer's possession or control to follow any reasonable instructions received from the seller with respect to the goods and in the absence of such instructions to make reasonable efforts to sell them for the seller's account if they are perishable or threaten to decline in value speedily. Instructions are not reasonable if on demand indemnity for expenses is not forthcoming.
2.When the buyer sells goods under subsection 1, the buyer is entitled to reimbursement from the seller or out of the proceeds for reasonable expenses of caring for and selling them and,

Free access — add to your briefcase to read the full text and ask questions with AI

North Dakota § 41-02-66 ((2-603) Merchant buyer's duties as to rightfully rejected goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗