California Commercial Code

§ 2502

COM § 2502 Effective Jan 1, 2001Div. 2 · Ch. 5

Statute text

(1)Subject to subdivisions (2) and (3), and even though the goods have not been shipped, a buyer who has paid a part or all of the price of goods in which he or she has a special property under the provisions of the immediately preceding section may on making and keeping good a tender of any unpaid portion of their price recover them from the seller if either:

(a)In the case of goods bought for personal, family, or household purposes, the seller repudiates or fails to deliver as required by the contract.

(b)In all cases, the seller becomes insolvent within 10 days after receipt of the first installment on their price.

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Legislative history

Amended (as to be amended by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 5. Effective January 1, 2001. Operative July 1, 2001, by Sec. 56 of Ch. 1003.