§490:2-510 Effect of breach on risk of loss. (1) Where a tender or delivery of goods so fails to conform to the contract as to give a right of rejection the risk of their loss remains on the seller until cure or acceptance.
(2) Where the buyer rightfully revokes acceptance he may to the extent of any deficiency in his effective insurance coverage treat the risk of loss as having rested on the seller from the beginning.
(3) Where the buyer as to conforming goods already identified to the contract for sale repudiates or is otherwise in breach before risk of their loss has passed to him, the seller may to the extent of any deficiency in his effective insurance coverage treat the risk of loss as resting on the buyer for a commercially reasonable time. [L 1965, c 208, §2-510; HRS §490:2-510]
Section: Previous 490-2-503 490-2-504 490-2-505 490-2-506 490-2-507 490-2-508 490-2-509 490-2-510 490-2-511 490-2-512 490-2-513 490-2-514 490-2-515 490-2-601 490-2-602 NextLast modified: October 27, 2016