Illinois Compiled Statutes 810 ILCS 5 Uniform Commercial Code. Section 2-707

    (810 ILCS 5/2-707) (from Ch. 26, par. 2-707)

    Sec. 2-707. "Person in the position of a seller".

    (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 2-705) and resell (Section 2-706) and recover incidental damages (Section 2-710).

(Source: Laws 1961, p. 2101.)

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Last modified: February 18, 2015