Ark. Code Ann. § 4-2-707

“Person in the position of a seller.”

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Acts 1961, No. 185, § 2-707; A.S.A. 1947, § 85-2-707.

(1) 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 his principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller.

(2) A person in the position of a seller may as provided in this chapter withhold or stop delivery (§ 4-2-705) and resell (§ 4-2-706) and recover incidental damages (§ 4-2-710).

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.