Section 440.2707 - Person in the position of a seller.
UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
440.2707 Person in the position of a seller.
Sec. 2707.
(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 (section 2705) and resell (section 2706) and recover incidental damages (section 2710).
History: 1962, Act 174, Eff. Jan. 1, 1964