N.Y. Uniform Commercial Code 2-508 – Cure by Seller of Improper Tender or Delivery; Replacement
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Section 2–508. Cure by Seller of Improper Tender or Delivery;
Terms Used In N.Y. Uniform Commercial Code 2-508
- Buyer: means a person who buys or contracts to buy goods. See N.Y. Uniform Commercial Code 2-103
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person who sells or contracts to sell goods. See N.Y. Uniform Commercial Code 2-103
Replacement.
(1) Where any tender or delivery by the seller is rejected because non-conforming and the time for performance has not yet expired, the seller may seasonably notify the buyer of his intention to cure and may then within the contract time make a conforming delivery.
(2) Where the buyer rejects a non-conforming tender which the seller had reasonable grounds to believe would be acceptable with or without money allowance the seller may if he seasonably notifies the buyer have a further reasonable time to substitute a conforming tender.