If the buyer is insolvent and has not paid for goods it has received, the seller may reclaim the goods.

Name: If the buyer is insolvent and has not paid for goods it has received, the seller may reclaim the goods.
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Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC) Section 2-702, a seller may reclaim goods shipped to an insolvent buyer if the buyer has not yet paid for them, provided the seller makes a demand within a specified time frame after the buyer receives the goods.

If the Buyer Is Insolvent and Has Not Paid for Goods