Indiana Code 26-1-2-711. Buyer’s remedies in general; buyer’s security interest in rejected goods
(a) “cover” and have damages under IC 26-1-2-712 as to all the goods affected whether or not they have been identified to the contract; or
Terms Used In Indiana Code 26-1-2-711
- 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.
(2) Where the seller fails to deliver or repudiates the buyer may also:
(a) if the goods have been identified, recover them as provided in IC 26-1-2-502; or
(b) in a proper case obtain specific performance or replevy the goods as provided in IC 26-1-2-716.
(3) On rightful rejection or justifiable revocation of acceptance, a buyer has a security interest in goods in his possession or control for any payments made on their price and any expenses reasonably incurred in their inspection, receipt, transportation, care, and custody and may hold such goods and resell them in like manner as an aggrieved seller (IC 26-1-2-706).
Formerly: Acts 1963, c.317, s.2-711. As amended by P.L.152-1986, SEC.169.