§ 28-2-707

'Person in the position of a seller'. (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 28:2-705) and resell (section 28:2-706) and recover incidental damages (section 28:2-710). (Dec. 30, 1963, 77 Stat. 666, Pub. L. 88-243, § 1.) Prior Codifications 1981 Ed., § 28:2-707. 1973 Ed., § 28:2-707. Section References This section is referenced in § 28:2-103, § 28:2-104, and § 28:2-706. Uniform Commercial Code Comment Prior Uniform Statutory Provision: Section 52(2), Uniform Sales Act. Changes: Rewritten. Purposes of Changes: To make it clear that: In addition to following in general the prior uniform statutory provision, the case of a financing agency which has acquired documents by honoring a letter of credit for the buyer or by discounting a draft for the seller has been included in the term 'a person in the position of a seller.' Cross Reference:

ich has acquired documents by honoring a letter of credit for the buyer or by discounting a draft for the seller has been included in the term 'a person in the position of a seller.' Cross Reference: Article 5, Section 2-506. Definitional Cross References: 'Consignee'. Section 7-102. 'Consignor'. Section 7-102. 'Goods'. Section 2-105. 'Security interest'. Section 1-201. 'Seller'. Section 2-103.