440.2707 Person in the position of a seller. Sec. 2707. (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 2705) and resell (section 2706) and recover incidental damages (section 2710). History: 1962, Act 174, Eff. Jan. 1, 1964
Michigan Legal Code