Ky. Rev. Stat. § 355.2-711

Current through 2024 Ky. Acts ch. 225
Section 355.2-711 - Buyer's remedies in general - Buyer's security interest in rejected goods
(1) Where the seller fails to make delivery or repudiates or the buyer rightfully rejects or justifiably revokes acceptance then with respect to any goods involved, and with respect to the whole if the breach goes to the whole contract (KRS 355.2-612), the buyer may cancel and whether or not he has done so may in addition to recovering so much of the price as has been paid
(a) "cover" and have damages under KRS 355.2-712 as to all the goods affected whether or not they have been identified to the contract; or
(b) recover damages for nondelivery as provided in this article (KRS 355.2-713).
(2) Where the seller fails to deliver or repudiates the buyer may also
(a) if the goods have been identified recover them as provided in this article (KRS 355.2-502); or
(b) in a proper case obtain specific performance or replevy the goods as provided in this article (KRS 355.2-716).
(3) On rightful rejection or justifiable revocation of acceptance a buyer has a security interest in goods in his possession or control for any payments made on their price and any expenses reasonably incurred in their inspection, receipt, transportation, care and custody and may hold such goods and resell them in like manner as an aggrieved seller (KRS 355.2-706).

KRS 355.2-711

Effective:7/1/1960
Created 1958 Ky. Acts ch. 77, sec. 2-711, effective7/1/1960.