UCC questions

UCC Questions

The first code ' is drawn from UCC Section 2-609 . The provisions of the first

code and its UCC counterpart are verbatim- there are no differences at all between them

The second code ' is drawn from UCC Section 2-703 . There are several differences

between these two provisions , some of which are quite subtle and some of which are more substantial . The second code does identify what a breach by the buyer is , but does not expressly state that it is defining a breach . The UCC provision from which the

second code is drawn , however does set forth the definition of a breach and label it as such

Regarding the actual remedies set forth in the two provisions , those found in the second code are all included , verbatim , in the UCC provision . There are several remedies adopted by the UCC that are not in the second code . These include the right of the seller to reclaim the goods under UCC Section 2-507 (2 ) or 2-702 (2 require payment directly from the buyer under UCC Section 2-325 (c recover the price under UCC Section 2-709 obtain specific performance under UCC Section 2-716 recover liquidated damages under UCC Section 2-718 and , in other cases , recover damages in any manner that is reasonable under the circumstances

Another difference between the second code and the UCC provision is the UCC 's inclusion of remedies in the event of buyer insolvency . The UCC allows for the seller to withhold delivery under UCC Section HYPERLINK "http...