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Ark. Code Ann. § 4-2-704

Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Acts 1961, No. 185, § 2-704; A.S.A. 1947, § 85-2-704.

(1) An aggrieved seller under the preceding section may 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;

(2) 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.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.