Ind. Code § 26-1-2-508

Cure by seller of improper tender or delivery; replacement

Known as the Uniform Commercial Code

The act spans §§ 26-1-1-0.2 to 26-1-9.1-902 (630 sections).

Applied in 2 court decisions — leading case I.C.C. Protective Coatings, Inc. v. A.E. Staley Manufacturing Co. (1998)

Most recently applied in David R. Webb Co. v. Indiana Department of State Revenue (April 2005)

Formerly: Acts 1963, c.317, s.2-508.

Sec. 508. (1) Where any tender or delivery by the seller is rejected because non-conforming and the time for performance has not yet expired, the seller may seasonably notify the buyer of his intention to cure and may then within the contract time make a conforming delivery.

(2) Where the buyer rejects a non-conforming tender which the seller had reasonable grounds to believe would be acceptable with or without money allowance the seller may if he seasonably notifies the buyer have a further reasonable time to substitute a conforming tender.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.