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§12A-2-603.
§12A-2-603.
(1) Subject to any security interest in the buyer (subsection (3) of
Section 2-711), when the seller has no agent or place of business at
the market of rejection a merchant buyer is under a duty after
rejection of goods in his possession or control to follow any
reasonable instructions received from the seller with respect to the
goods and in the absence of such instructions to make reasonable
efforts to sell them for the seller's account if they are perishable
or threaten to decline in value speedily. Instructions are not
reasonable if on demand indemnity for expenses is not forthcoming.
(2) When the buyer sells goods under subsection (1), he is entitled to
reimbursement from the seller or out of the proceeds for reasonable
expenses of caring for and selling them, and if the expenses include
no selling commission then to such commission as is usual in the trade
or if there is none to a reasonable sum not exceeding ten percent
(10%) on the gross proceeds.
(3) In complying with this section the buyer is held only to good
faith and good faith conduct hereunder is neither acceptance nor
conversion nor the basis of an action for damages.
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