AS 45.02.707

Person in the position of a seller

Known as the Uniform Commercial Code

The act spans §§ 45–45 (615 sections).

(a) A person in the position of a seller includes, as against a principal, an agent who has paid or become responsible for the price of goods on behalf of the principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller.

(b) A person in the position of a seller may withhold or stop delivery (AS 45.02.705) and resell (AS 45.02.706) and recover incidental damages (AS 45.02.710).

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.