Kentucky Statutes 355.2-512 – Payment by buyer before inspection
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(1) Where the contract requires payment before inspection nonconformity of the goods does not excuse the buyer from so making payment unless:
(a) The nonconformity appears without inspection; or
(b) Despite tender of the required documents the circumstances would justify injunction against honor under this chapter (KRS 355.5-109(2)).
(2) Payment pursuant to subsection (1) of this section does not constitute an acceptance of goods or impair the buyer’s right to inspect or any of his remedies.
Effective: July 1, 2001
History: Amended 2000 Ky. Acts ch. 408, sec. 20, effective July 1, 2001. — Created
1958 Ky. Acts ch. 77, sec. 2-512, effective July 1, 1960.
(a) The nonconformity appears without inspection; or
Terms Used In Kentucky Statutes 355.2-512
- Buyer: means a person who buys or contracts to buy goods. See Kentucky Statutes 355.2-103
- Contract: A legal written agreement that becomes binding when signed.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
(b) Despite tender of the required documents the circumstances would justify injunction against honor under this chapter (KRS 355.5-109(2)).
(2) Payment pursuant to subsection (1) of this section does not constitute an acceptance of goods or impair the buyer’s right to inspect or any of his remedies.
Effective: July 1, 2001
History: Amended 2000 Ky. Acts ch. 408, sec. 20, effective July 1, 2001. — Created
1958 Ky. Acts ch. 77, sec. 2-512, effective July 1, 1960.