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The Vermont Statutes Online
Title
09A
:
Uniform Commercial Code
Chapter
002
:
Sales
§
2-612. "Installment contract"; breach
(1) An
"installment contract" is one which requires or authorizes the
delivery of goods in separate lots to be separately accepted, even though the
contract contains a clause "each delivery is a separate contract" or
its equivalent.
(2) The buyer
may reject any installment which is nonconforming if the nonconformity
substantially impairs the value of that installment and cannot be cured or if
the nonconformity is a defect in the required documents; but if the nonconformity
does not fall within subsection (3) of this section and the seller gives
adequate assurance of its cure the buyer must accept that installment.
(3) Whenever
nonconformity or default with respect to one or more installments substantially
impairs the value of the whole contract there is a breach of the whole. But the
aggrieved party reinstates the contract if he accepts a nonconforming
installment without seasonably notifying of cancellation or if he brings an
action with respect only to past installments or demands performance as to
future installments.