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KRS 355.2-707

"Person in the position of a seller."

Known as the Uniform Commercial Code

The act spans §§ 355–355 (686 sections).

Effective: July 1, 1960 History: Created 1958 Ky

(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 article withhold or stop delivery (KRS 355.2-705) and resell (KRS 355.2-706) and recover incidental damages (KRS 355.2-710).

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