Source: L. 65: p. 1326, § 1. C.R.S. 1963: § 155-2-512. L. 96: (1)(b) amended, p. 234, § 5, effective July 1.
Prior Uniform Statutory Provision: None, but see Sections 47 and 49, Uniform Sales Act.
Purposes:
The provision on performance or acceptance under reservation of rights does not apply to the situations contemplated here in which payment is made in due course under the contract and the buyer need not pay "under protest" or the like in order to preserve his rights as to defects discovered upon inspection.
Cross References:
Point 4: Article 5.
Point 5: Section 4-1-207.
Point 6: Section 4-2-513(3).
Definitional Cross References:
"Buyer". Section 4-2-103.
"Conform". Section 4-2-106.
"Contract". Section 4-1-201.
"Financing agency". Section 4-2-104.
"Goods". Section 4-2-105.
"Remedy". Section 4-1-201.
"Rights". Section 4-1-201.
Structure Colorado Code
Title 4 - Uniform Commercial Code
§ 4-2-501. Insurable Interest in Goods - Manner of Identification of Goods
§ 4-2-502. Buyer's Right to Goods on Seller's Insolvency - Repudiation - Failure to Deliver
§ 4-2-503. Manner of Seller's Tender of Delivery
§ 4-2-505. Seller's Shipment Under Reservation
§ 4-2-506. Rights of Financing Agency
§ 4-2-507. Effect of Seller's Tender - Delivery on Condition
§ 4-2-508. Cure by Seller of Improper Tender or Delivery - Replacement
§ 4-2-509. Risk of Loss in the Absence of Breach
§ 4-2-510. Effect of Breach on Risk of Loss
§ 4-2-512. Payment by Buyer Before Inspection
§ 4-2-513. Buyer's Right to Inspection of Goods
§ 4-2-514. When Documents Deliverable on Acceptance - When on Payment