§ 707

Ind. Code § 26-1-2-707

"Person in the position of a seller"

  1. (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. (2) A person in the position of a seller may as provided in IC 26-1-2 withhold or stop delivery ( IC 26-1-2-705 ) and resell ( IC 26-1-2-706 ) and recover incidental damages ( IC 26-1-2-710 ).

    Formerly: Acts 1963, c.317, s.2-707. As amended by P.L.152-1986, SEC.166.

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