554.2707 “Person in the position of a seller”.
109 words·~1 min read·
/ia/chapter-554-uniform-commercial-code/554-2707A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 the agent’s 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 (section 554.2705) and resell (section 554.2706) and recover incidental damages (section 554.2710).
[C24, 27, 31, 35, 39, §9981; C46, 50, 54, 58, 62, §554.53; C66, 71, 73, 75, 77, 79, 81, §554.2707]
Referred to in §554.2103, 554.2104, 554.2706