Kentucky Statutes 355.2-707 – “Person in the position of a seller.”
Current as of: 2024 | Check for updates
|
Other versions
(1) A “person in the position of a seller” includes as against a principal an agent who has paid or become responsible for the price of goods on behalf of his principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller.
(2) A person in the position of a seller may as provided in this article withhold or stop delivery (KRS 355.2-705) and resell (KRS 355.2-706) and recover incidental damages (KRS 355.2-710).
Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 2-707, effective July 1, 1960.
(2) A person in the position of a seller may as provided in this article withhold or stop delivery (KRS 355.2-705) and resell (KRS 355.2-706) and recover incidental damages (KRS 355.2-710).
Terms Used In Kentucky Statutes 355.2-707
- 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
Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 2-707, effective July 1, 1960.