Search results
Results from the WOW.Com Content Network
Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods. § 2-705. Seller's Stoppage of Delivery in Transit or Otherwise.
Formal Requirements; Statute of Frauds. (1) Except as otherwise provided in this section a contract for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the parties and signed by the party against whom ...
(2) Goods must be both existing and identified before any interest in them can pass. Goods which are not both existing and identified are " future " goods. A purported present sale of future goods or of any interest therein operates as a contract to sell.
A "present sale" means a sale which is accomplished by the making of the contract. (2) Goods or conduct including any part of a performance are " conforming " or conform to the contract when they are in accordance with the obligations under the contract.
Statute of Limitations in Contracts for Sale. (1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
Formation in General. (1) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a contract.
Goods to Be Severed From Realty: Recording. (1) A contract for the sale of minerals or the like (including oil and gas) or a structure or its materials to be removed from realty is a contract for the sale of goods within this Article if they are to be severed by the seller but until severance a purported present sale thereof which is not ...
(1) Title to goods cannot pass under a contract for sale prior to their identification to the contract (Section 2-501), and unless otherwise explicitly agreed the buyer acquires by their identification a special property as limited by this Act.
Sale on Approval and Sale or Return; Consignment Sales and Rights of Creditors. (1) Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is.
Buyer's Right to Specific Performance or Replevin. (1) Specific performance may be decreed where the goods are unique or in other proper circumstances. (2)The decree for specific performance may include such terms and conditions as to payment of the price, damages, or other relief as the court may deem just.