If Seller learns that Buyer is insolvent, Seller may stop goods en route, or refuse to deliver the goods except for cash.

Name: If Seller learns that Buyer is insolvent, Seller may stop goods en route, or refuse to deliver the goods except for cash.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), if the seller learns that the buyer is insolvent, they have the right to stop goods en route or refuse to deliver the goods except for cash. This is stated in UCC section 2-702(1).

If Seller Learns That Buyer Is Insolvent, Seller May Stop