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The Vermont Statutes Online
Title
09A
:
Uniform Commercial Code
Chapter
002
:
Sales
§
2-502. Buyer's right to goods on seller's repudiation, failure to deliver, or
insolvency
(1) Subject to
subsections (2) and (3) of this section 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 he or
she has a special property under the provisions of the immediately preceding
section may on making and keeping good a tender of any unpaid 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 other
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 paragraph (1)(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 his or her special property has been made by the buyer
he or she acquires the right to recover the goods only if they conform to the
contract for sale. (Amended 1999, No. 106 (Adj. Sess.), § 8, eff. July 1,
2001.)