California Commercial Code 2704 – (1) An aggrieved seller under the preceding section …
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(1) An aggrieved seller under the preceding section may
(a) Identify to the contract conforming goods not already identified if at the time he learned of the breach they are in his possession or control;
Terms Used In California Commercial Code 2704
- Contract: A legal written agreement that becomes binding when signed.
- contract: means the bargain of the parties in fact, as found in their language or inferred from other circumstances, including course of performance, course of dealing, or usage of trade as provided in Section 1303. See California Commercial Code 1201
(b) Treat as the subject of resale goods which have demonstrably been intended for the particular contract even though those goods are unfinished.
(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.
(Enacted by Stats. 1963, Ch. 819.)