554.2502 Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency. 1. Subject to subsections 2 and 3 and even though the goods have not been shipped a buyer who has paid a part or all of the price of goods in which the buyer has a special propertyunder the provisions of section 554.2501 may on making and keeping good a tender of anyunpaid portion of their price recover them from the seller if: a. in the case of goods bought for personal, family, or household purposes, the seller repudiates or fails to deliver as required by the contract; or b. in all cases the seller becomes insolvent within ten days after receipt of the first installment on their price. 2. The buyer’s right to recover the goods under subsection 1, paragraph 'a', vests upon acquisition of a special property, even if the seller had not then repudiated or failed to deliver. 3. If the identification creating the buyer’s special property has been made by the buyer, the buyer acquires the right to recover the goods only if they conform to the contract for sale. [C24, 27, 31, 35, 39, §9946 – 9948; C46, 50, 54, 58, 62, §554.18 – 554.20; C66, 71, 73, 75, 77, 79, 81, §554.2502] 2000 Acts, ch 1149, recover the goods only if they conform to the contract for sale. [C24, 27, 31, 35, 39, §9946 – 9948; C46, 50, 54, 58, 62, §554.18 – 554.20; C66, 71, 73, 75, 77, 79, 81, §554.2502] 2000 Acts, ch 1149, §144, 187; 2008 Acts, ch 1032, §68Referred to in §554.2402, 554.2711 Sat Dec 23 01:50:00 2023 Iowa Code 2024, Section 554.2502 (25, 0)
Iowa Legal Code