Michigan Compiled Laws 174-1962-2-5 Part 5 Performance (440.2501...440.2515)

• Section 440.2501 Special Property And Insurable Interest In Goods; Identification Of Goods.
  (1) The buyer obtains a special property and an insurable interest in goods by identification of existing goods as goods to which the contract...
• Section 440.2502 Special Property And Insurable Interest In Goods.
  (1) Subject to subsections (2) and (3) and even though the goods have not been shipped a buyer who has paid a part or...
• Section 440.2503 Tender Of Delivery By Seller; Shipment; Destination; Goods In Possession Of Bailee; Documents.
  (1) Tender of delivery requires that the seller put and hold conforming goods at the buyer's disposition and give the buyer any notification reasonably...
• Section 440.2504 Delivery By Shipment; Contract With Carrier, Documents, Notice.
  Where the seller is required or authorized to send the goods to the buyer and the contract does not require him to deliver them...
• Section 440.2505 Shipment With And Without Reservation By Seller.
  (1) Both of the following apply if a seller has identified goods to a contract by or before shipment: (a) The seller's procurement of...
• Section 440.2506 Financing Agency; Rights; Reimbursement.
  (1) A financing agency by paying or purchasing for value a draft that relates to a shipment of goods acquires to the extent of...
• Section 440.2507 Tender Of Delivery; Conditions, Payment.
  (1) Tender of delivery is a condition to the buyer's duty to accept the goods and, unless otherwise agreed, to his duty to pay...
• Section 440.2508 Improper Delivery; Cure, Replacement.
  (1) Where any tender or delivery by the seller is rejected because non-conforming and the time for performance has not yet expired, the seller...
• Section 440.2509 Risk Of Loss; Absence Of Breach.
  (1) The following apply if a contract requires or authorizes the seller to ship goods by carrier: (a) If the contract does not require...
• Section 440.2510 Risk Of Loss; Effect Of Breach.
  (1) Where a tender or delivery of goods so fails to conform to the contract as to give a right of rejection the risk...
• Section 440.2511 Payment By Buyer; Tender, Check.
  (1) Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery. (2) Tender of payment...
• Section 440.2512 Payment By Buyer; Inspection, Nonconforming Goods.
  (1) If the contract requires payment before inspection nonconformity of the goods does not excuse the buyer from so making payment unless (a) the...
• Section 440.2513 Inspection By Buyer; Time, Expenses, Place, Method.
  (1) Unless otherwise agreed and subject to subsection (3), where goods are tendered or delivered or identified to the contract for sale, the buyer...
• Section 440.2514 Documents; Delivery To Drawee On Acceptance Or Payment.
  Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it...
• Section 440.2515 Adjustment Of Dispute; Preservation Of Evidence, Inspection.
  In furtherance of the adjustment of any claim or dispute (a) either party on reasonable notification to the other and for the purpose of...

Last modified: October 10, 2016