§ 34.1-2-603 — Merchant buyer's duties as to rightfully rejected goods

(a) Subject to any security interest in the buyer (section
34.1-2-711(c)), 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 his 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.
(b) When the buyer sells goods under subsection (a), he is
entitled to reimbursement from the seller or out of the proceeds
for reasonable expenses of caring for and selling them, and if
the expenses include no selling commission then to such
commission as is usual in the trade or if there is none to a
reasonable sum not exceeding ten percent (10%) on the gross
proceeds.
(c) In complying with this section the buyer is held only
to good faith and good faith conduct hereunder is neither
acceptance nor conversion nor the basis of an action for
damages.