N.Y. Uniform Commercial Code 2-717 – Deduction of Damages From the Price
Current as of: 2024 | Check for updates
|
Other versions
Section 2–717. Deduction of Damages From the Price.
Terms Used In N.Y. Uniform Commercial Code 2-717
- Buyer: means a person who buys or contracts to buy goods. See N.Y. Uniform Commercial Code 2-103
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Seller: means a person who sells or contracts to sell goods. See N.Y. Uniform Commercial Code 2-103
The buyer on notifying the seller of his intention to do so may deduct all or any part of the damages resulting from any breach of the contract from any part of the price still due under the same contract.