Find Laws Find Lawyers Free Legal Forms USA State Laws

NEW JERSEY STATUTES AND CODES

12A:2-704 - Seller's right to identify goods to the contract notwithstanding  breach or to salvage unfinished goods

12A:2-704.  Seller's right to identify goods to the contract notwithstanding  breach or to salvage unfinished goods
    (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;

     (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.

     L.1961, c. 120, s. 2-704.
 

New Jersey Forms by Issue

New Jersey Court Forms
> Civil (County)
New Jersey Family Forms
New Jersey Tax Forms

New Jersey Law

New Jersey State Laws
    > New Jersey Child Support
    > New Jersey Statutes
New Jersey Tax
    > New Jersey State Tax
New Jersey Labor Laws
    > New Jersey Unemployment
New Jersey Agencies
    > New Jersey Department of Corrections
    > New Jersey Department of Education
    > New Jersey DMV
    > New Jersey State Police

New Jersey Court Map

Tips