Illinois Compiled Statutes 810 ILCS 5/2-509 – Risk of loss in the absence of breach
Current as of: 2024 | Check for updates
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(1) Where the contract requires or authorizes the seller to ship the goods by carrier
(a) if it does not require him to deliver them at a
(a) if it does not require him to deliver them at a
particular destination, the risk of loss passes to the buyer when the goods are duly delivered to the carrier even though the shipment is under reservation (Section 2-505); but
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(b) if it does require him to deliver them at a
particular destination and the goods are there duly tendered while in the possession of the carrier, the risk of loss passes to the buyer when the goods are there duly so tendered as to enable the buyer to take delivery.
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(2) Where the goods are held by a bailee to be delivered without being moved, the risk of loss passes to the buyer
Terms Used In Illinois Compiled Statutes 810 ILCS 5/2-509
- Buyer: means a person who buys or contracts to
buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 | ||||||||||||||
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