Indiana Code 26-1-2-717. Deduction of damages from the price
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Terms Used In Indiana Code 26-1-2-717
- 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.
Sec. 717. The buyer on notifying the seller of his intention so to do 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.
Formerly: Acts 1963, c.317, s.2-717.