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§ 2-704. Seller's right to identify goods to the contract notwithstanding breach or to salv...

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 2. Sales (Refs & Annos)
Subtitle 7. Remedies (Refs & Annos)
MD Code, Commercial Law, § 2-704
§ 2-704. Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
Currentness
(1) An aggrieved seller under the preceding section may
(a) Identify to the contract conforming goods not already identified if at the time he learned of the breach they are in his possession or control;
(b) Treat as the subject of resale goods which have demonstrably been intended for the particular contract even though those goods are unfinished.
(2) Where the goods are unfinished an aggrieved seller may in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of effective realization either complete the manufacture and wholly identify the goods to the contract or cease manufacture and resell for scrap or salvage value or proceed in any other reasonable manner.

Credits

Added by Acts 1975, c. 49, § 2, eff. July 1, 1975.
Formerly Art. 95B, § 2-704.
MD Code, Commercial Law, § 2-704, MD COML § 2-704
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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