Illinois Compiled Statutes 810 ILCS 5/2-510 – Effect of breach on risk of loss
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(1) Where a tender or delivery of goods so fails to conform to the contract as to give a right of rejection the risk of their loss remains on the seller until cure or acceptance.
(2) Where the buyer rightfully revokes acceptance he may to the extent of any deficiency in his effective insurance coverage treat the risk of loss as having rested on the seller from the beginning.
(2) Where the buyer rightfully revokes acceptance he may to the extent of any deficiency in his effective insurance coverage treat the risk of loss as having rested on the seller from the beginning.
Terms Used In Illinois Compiled Statutes 810 ILCS 5/2-510
- Buyer: means a person who buys or contracts to
buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 | ||
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