Seller Remedies UCC provisions to know

Question 1

704, Identify goods

Answer 1

1) a seller may
a) identify goods under 503 even if they were not identified at the time of breach
b) resell the goods intended for the broken contract, even if the goods are unfinished at the time of breach
2) a seller may in the exercise of commercially reasonably judgment
a) complete the manufacture of the unfinished goods and identify the goods to the buyer
b) cease manufacture and resell for salvage value

Question 2

705

Answer 2

The seller can stop the goods from being delivered even if the carrier is in possession of the goods

Question 3

710 Incidental Damages

Answer 3

transportation of goods, storing or caring for the goods, returning/ reselling the goods, stopping delivery of goods

Question 4

702

Answer 4

When seller learns buyer may be insovlent or bankrupt, can demand cash for payments overtime, all goods that have been delivered

Question 5

706

Answer 5

(contract price- resell price) + incidental damages - expenses saved

Question 6

708 (1)

Answer 6

(contract price - market price) + incidental damages - expenses saved

Question 7

708 (2)

Answer 7

lost profits + overhead+ costs incurred + incidental damages - resell price (if applicable )

Question 8

709

Answer 8

contract price + incidental damages