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Code · Illinois · Chapter 810 — COMMERCIAL CODE · Act 5

Sec. 2-707. "Person in the position of a seller".

91 words·~1 min read·/il/chapter-810/act-5/2-707

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Sec. 2-707. "Person in the position of a seller".
(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 (Section 2-705) and resell (Section 2-706) and recover incidental damages (Section 2-710).
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