Kentucky Statutes 355.2-703 – Seller’s remedies in general
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Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract (KRS § 355.2-612), then also with respect to the whole undelivered balance, the aggrieved seller may
(a) withhold delivery of such goods;
(b) stop delivery by any bailee as hereafter provided (KRS § 355.2-705);
(c) proceed under KRS § 355.2-704 respecting goods still unidentified to the contract; (d) resell and recover damages as hereafter provided (KRS § 355.2-706);
(e) recover damages for nonacceptance (KRS § 355.2-708) or in a proper case the price
(KRS § 355.2-709);
(f) cancel.
Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 2-703, effective July 1, 1960.
(a) withhold delivery of such goods;
Terms Used In Kentucky Statutes 355.2-703
- Buyer: means a person who buys or contracts to buy goods. See Kentucky Statutes 355.2-103
- 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 Kentucky Statutes 355.2-103
(b) stop delivery by any bailee as hereafter provided (KRS § 355.2-705);
(c) proceed under KRS § 355.2-704 respecting goods still unidentified to the contract; (d) resell and recover damages as hereafter provided (KRS § 355.2-706);
(e) recover damages for nonacceptance (KRS § 355.2-708) or in a proper case the price
(KRS § 355.2-709);
(f) cancel.
Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 2-703, effective July 1, 1960.