N.J.S.A. 12A:2-707 — "Person in the position of a seller"

12A: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 Chapter withhold or stop delivery (12A:2-705) and resell (12A:2-706) and recover incidental damages (12A:2-710). L.1961, c. 120, s. 2-707.

This is the verbatim text of N.J.S.A. 12A:2-707, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.