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Code · New Jersey · Title 12A — Commercial Transactions · Chapter 2

12A:2-707. "Person in the position of a seller"

84 words·~1 min read·/nj/title-12a/chapter-2/12a-2-707

A 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 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 Chapter withhold or stop delivery (12A:2-705) and resell (12A:2-706) and recover incidental damages (12A:2-710).
L.1961, c. 120, s. 2-707.
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