Colorado Code
Part 6 - Breach, Repudiation, and Excuse
§ 4-2-612. "Installment Contract" - Breach

Source: L. 65: p. 1332, § 1. C.R.S. 1963: § 155-2-612.
Prior Uniform Statutory Provision: Section 45(2), Uniform Sales Act.
Changes: Rewritten.
Purposes of Changes: To continue prior law but to make explicit the more mercantile interpretation of many of the rules involved, so that:

Substantial impairment of the value of an installment can turn not only on the quality of the goods but also on such factors as time, quantity, assortment, and the like. It must be judged in terms of the normal or specifically known purposes of the contract. The defect in required documents refers to such matters as the absence of insurance documents under a C.I.F. contract, falsity of a bill of lading, or one failing to show shipment within the contract period or to the contract destination. Even in such cases, however, the provisions on cure of tender apply if appropriate documents are readily procurable.
Cross References:
Point 2: Sections 4-2-307 and 4-2-607.
Point 3: Section 4-1-203.
Point 5: Sections 4-2-208 and 4-2-609.
Point 6: Section 4-2-610.
Definitional Cross References:
"Action". Section 4-1-201.
"Aggrieved party". Section 4-1-201.
"Buyer". Section 4-2-103.
"Cancellation". Section 4-2-106.
"Conform". Section 4-2-106.
"Contract". Section 4-1-201.
"Lot". Section 4-2-105.
"Notifies". Section 4-1-201.
"Seasonably". Section 4-1-204.
"Seller". Section 4-2-103.