Illinois Compiled Statutes 810 ILCS 5/2-705 – Seller’s stoppage of delivery in transit or otherwise
Current as of: 2024 | Check for updates
|
Other versions
(1) The seller may stop delivery of goods in the possession of a carrier or other bailee when he discovers the buyer to be insolvent (Section 2-702) and may stop delivery of carload, truckload, planeload or larger shipments of express or freight when the buyer repudiates or fails to make a payment due before delivery or if for any other reason the seller has a right to withhold or reclaim the goods.
(2) As against such buyer the seller may stop delivery until
(2) As against such buyer the seller may stop delivery until
Terms Used In Illinois Compiled Statutes 810 ILCS 5/2-705
- Buyer: means a person who buys or contracts to
buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 | ||||||||||||||
|