S.D. Codified Laws § 57A-2-707

"Person in the position of a seller"

Known as the Uniform Commercial Code

The act spans §§ 57–57 (574 sections).

Source: SL 1966, ch 150, § 2-707; SDCL, §§ 57-8-20, 57-8-21.

"Person in the position of a seller".

(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 (§ 57A-2-705) and resell (§ 57A-2-706) and recover incidental damages (§ 57A-2-710).

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.