Kentucky Statutes 355.2-717 – Deduction of damages from the price
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The buyer on notifying the seller of his intention to do so may deduct all or any part of the damages resulting from any breach of the contract from any part of the price still due under the same contract.
Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 2-717, effective July 1, 1960.
Effective: July 1, 1960
Terms Used In Kentucky Statutes 355.2-717
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Seller: means a person who sells or contracts to sell goods. See Kentucky Statutes 355.2-103
History: Created 1958 Ky. Acts ch. 77, sec. 2-717, effective July 1, 1960.