Kentucky Statutes 355.2-604 – Buyer’s options as to salvage of rightfully rejected goods
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Subject to the provisions of KRS § 355.2-603 on perishables if the seller gives no instructions within a reasonable time after notification of rejection the buyer may store the rejected goods for the seller’s account or reship them to him or resell them for the seller’s account with reimbursement as provided in KRS § 355.2-603. Such action is not acceptance or conversion.
Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 2-604, effective July 1, 1960.
Effective: July 1, 1960
Terms Used In Kentucky Statutes 355.2-604
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Buyer: means a person who buys or contracts to buy goods. See Kentucky Statutes 355.2-103
- 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. 2-604, effective July 1, 1960.