(1) Except as provided in subsections (2) and (3), rights of unsecured creditors of the seller with respect to goods which have been identified to a contract for sale are subject to the buyer‘s rights to recover the goods under this Article (Sections 2-502 and 2-716).
     (2) A creditor of the seller may treat a sale or an identification of goods to a contract for sale as void if as against him a retention of possession by the seller is fraudulent under any rule of law of the state where the goods are situated, except that retention of possession in good faith and current course of trade by a merchant-seller for a commercially reasonable time after a sale or identification is not fraudulent.

buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 Contract: A legal written agreement that becomes binding when signed. Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See Illinois Compiled Statutes 810 ILCS 5/2-106 Seller: means a person who sells or contracts to

sell goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14      (3) Nothing in this Article shall be deemed to impair the rights of creditors of the seller          (a) under the provisions of the Article on Secured      Transactions (Article 9); or         (b) where identification to the contract or delivery      is made not in current course of trade but in satisfaction of or as security for a pre-existing claim for money, security or the like and is made under circumstances which under any rule of law of the state where the goods are situated would apart from this Article constitute the transaction a fraudulent transfer or voidable preference.   Previous section Next section    Part 4 Contents