Under a term "no arrival, no sale" or terms of like meaning, unless otherwise agreed:
Source: L. 65: p. 1316, § 1. C.R.S. 1963: § 155-2-324.
Prior Uniform Statutory Provision: None.
Purposes:
The reason of this section is that where the seller is reselling goods bought by him as shipped by another and this fact is known to the buyer, so that the seller is not under any obligation to make the shipment himself, the seller is entitled under the "no arrival, no sale" clause to exemption from payment of damages for non-delivery if the goods do not arrive or if the goods which actually arrive are non-conforming. This does not extend to sellers who arrange shipment by their own agents, in which case the clause is limited to casualty due to marine hazards. But sellers who make known that they are contracting only with respect to what will be delivered to them by parties over whom they assume no control are entitled to the full quantum of the exemption.
Cross References:
Point 1: Section 4-1-203.
Point 2: Section 4-2-501(a) and (c).
Point 5: Section 4-2-613.
Definitional Cross References:
"Buyer". Section 4-2-103.
"Conforming". Section 4-2-106.
"Contract". Section 4-1-201.
"Fault". Section 4-1-201.
"Goods". Section 4-2-105.
"Sale". Section 4-2-106.
"Seller". Section 4-2-103.
"Term". Section 4-1-201.
Structure Colorado Code
Title 4 - Uniform Commercial Code
Part 3 - General Obligation and Construction of Contract
§ 4-2-301. General Obligations of Parties
§ 4-2-302. Unconscionable Contract or Clause
§ 4-2-303. Allocation or Division of Risks
§ 4-2-304. Price Payable in Money, Goods, Realty, or Otherwise
§ 4-2-306. Output, Requirements, and Exclusive Dealings
§ 4-2-307. Delivery in Single Lot or Several Lots
§ 4-2-308. Absence of Specified Place for Delivery
§ 4-2-309. Absence of Specific Time Provisions - Notice of Termination
§ 4-2-310. Open Time for Payment or Running of Credit - Authority to Ship Under Reservation
§ 4-2-311. Options and Cooperation Respecting Performance
§ 4-2-312. Warranty of Title and Against Infringement - Buyer's Obligation Against Infringement
§ 4-2-313. Express Warranties by Affirmation, Promise, Description, Sample
§ 4-2-314. Implied Warranty - Merchantability - Usage of Trade
§ 4-2-315. Implied Warranty - Fitness for Particular Purpose
§ 4-2-316. Exclusion or Modification of Warranties
§ 4-2-317. Cumulation and Conflict of Warranties Express or Implied
§ 4-2-318. Third Party Beneficiaries of Warranties Express or Implied
§ 4-2-319. f.o.b. and f.a.s. Terms
§ 4-2-320. c.i.f. and C. & F. Terms
§ 4-2-323. Form of Bill of Lading Required in Overseas Shipment - "Overseas"
§ 4-2-324. "No Arrival, No Sale" Term
§ 4-2-325. "Letter of Credit" - "Confirmed Credit"
§ 4-2-326. Sale on Approval and Sale or Return - Rights of Creditors
§ 4-2-327. Special Incidents of Sale on Approval and Sale or Return