Michigan Compiled Laws § 440.2510 Risk Of Loss; Effect Of Breach.


440.2510 Risk of loss; effect of breach.

Sec. 2510.

(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.


History: 1962, Act 174, Eff. Jan. 1, 1964


Section: Previous  440.2502  440.2503  440.2504  440.2505  440.2506  440.2507  440.2508  440.2509  440.2510  440.2511  440.2512  440.2513  440.2514  440.2515    Next

Last modified: October 10, 2016