§ 25-2-510. Effect of breach on risk of loss. - North Carolina Statutes

§25‑2‑510.  Effect of breach on risk of loss.

(1)        Where a tender ordelivery of goods so fails to conform to the contract as to give a right ofrejection the risk of their loss remains on the seller until cure oracceptance.

(2)        Where the buyerrightfully revokes acceptance he may to the extent of any deficiency in hiseffective insurance coverage treat the risk of loss as having rested on theseller from the beginning.

(3)        Where the buyer asto conforming goods already identified to the contract for sale repudiates oris otherwise in breach before risk of their loss has passed to him, the sellermay to the extent of any deficiency in his effective insurance coverage treatthe risk of loss as resting on the buyer for a commercially reasonable time. (1965,c. 700, s. 1.)