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Terms Used In Iowa Code 554.2703

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
554.2703 Seller’s remedies in general.
Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a
payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract (section
554.2612), then also with respect to the whole undelivered balance, the aggrieved seller may:
1. withhold delivery of such goods;
2. stop delivery by any bailee as hereafter provided (section 554.2705);
3. proceed under § 554.2704 respecting goods still unidentified to the contract;
4. resell and recover damages as hereafter provided (section 554.2706);
5. recover damages for nonacceptance (section 554.2708) or in a proper case the price
(section 554.2709);
6. cancel.
[C24, 27, 31, 35, 39, §9993; C46, 50, 54, 58, 62, §554.65; C66, 71, 73, 75, 77, 79, 81, §554.2703]
2008 Acts, ch 1032, §73
Referred to in §554.2602, 554.2610, 554.2704, 554.2706