Maine Revised Statutes Title 11 Sec. 2-704 – Seller’s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
Current as of: 2023 | Check for updates
|
Other versions
(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;
(b). Treat as the subject of resale goods which have demonstrably been intended for the particular contract even though those goods are unfinished.
Terms Used In Maine Revised Statutes Title 11 Sec. 2-704
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person who sells or contracts to sell goods. See Maine Revised Statutes Title 11 Sec. 2-103
(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.