New Jersey Statutes

§ 12A:2-707 — "Person in the position of a seller"

New Jersey·Title 12A COMMERCIAL TRANSACTIONS
(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 this Chapter withhold or stop delivery (12A:2-705) and resell (12A:2-706) and recover incidental damages (12A:2-710). L.1961, c. 120, s. 2-707.

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