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

New Jersey Statutes

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

New Jersey § 12A:2-707

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:2-707 ("Person in the position of a seller") is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:2-707 (2026).

Text

(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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(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.