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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1302.54 | Effect of breach on risk of loss - UCC 2-510.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1302 Sales
 
Effective:
July 1, 1962
Latest Legislation:
Senate Bill 5 - 104th General Assembly
PDF:
Download Authenticated PDF
 

(A) 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.

(B) 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.

(C) 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.

Available Versions of this Section