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Ark. Code Ann. § 4-2-711

Buyer's remedies in general — Buyer's security interest in rejected goods

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Applied in 2 court decisions — leading case Smith v. Walt Bennett Ford, Inc. (1993)

Most recently applied in Roach v. Concord Boat Corp. (July 1994)

Acts 1961, No. 185, § 2-711; A.S.A. 1947, § 85-2-711.

(1) Where the seller fails to make delivery or repudiates or the buyer rightfully rejects or justifiably revokes acceptance then with respect to any goods involved, and with respect to the whole if the breach goes to the whole contract (§ 4-2-612), the buyer may cancel and whether or not he has done so may in addition to recovering so much of the price as has been paid “cover” and have damages under the next section as to all the goods affected whether or not they have been identified to the contract; or

(2) recover damages for non-delivery as provided in this chapter (§ 4-2-713).

(3) Where the seller fails to deliver or repudiates the buyer may also if the goods have been identified recover them as provided in this chapter (§ 4-2-502); or

(4) in a proper case obtain specific performance or replevy the goods as provided in this chapter (§ 4-2-716).

(5) On rightful rejection or justifiable revocation of acceptance a buyer has a security interest in goods in his possession or control for any payments made on their price and any expenses reasonably incurred in their inspection, receipt, transportation, care and custody and may hold such goods and resell them in like manner as an aggrieved seller (§ 4-2-706).

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.