Illinois Compiled Statutes 810 ILCS 5/2-704 – Seller’s right to identify goods to the contract notwithstanding …
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Seller’s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods.
(1) An aggrieved seller under the preceding section may
(1) An aggrieved seller under the preceding section may
Terms Used In Illinois Compiled Statutes 810 ILCS 5/2-704
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person who sells or contracts to
sell goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 (a) identify to the contract conforming goods not |
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(b) treat as the subject of resale goods which have
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(2) Where the goods are unfinished an aggrieved seller may in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of effective realization either complete the manufacture and wholly identify the goods to the contract or cease manufacture and resell for scrap or salvage value or proceed in any other reasonable manner.
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