Source: L. 65: p. 1340, § 1. C.R.S. 1963: § 155-2-714.
Prior Uniform Statutory Provision: Section 69(6) and (7), Uniform Sales Act.
Changes: Rewritten.
Purposes of Changes:
The section on deduction of damages from price provides an additional remedy for a buyer who still owes part of the purchase price, and frequently the two remedies will be available concurrently. The buyer's failure to notify of his claim under the section on effects of acceptance, however, operates to bar his remedies under either that section or the present section.
Cross References:
Point 1: Compare Section 4-2-711; Sections 4-2-607 and 4-2-717.
Point 2: Section 4-2-106.
Point 3: Sections 4-2-608 and 4-2-713.
Point 4: Section 4-2-715.
Definitional Cross References:
"Buyer". Section 4-2-103.
"Conform". Section 4-2-106.
"Goods". Section 4-1-201.
"Notification". Section 4-1-201.
"Seller". Section 4-2-103.
Structure Colorado Code
Title 4 - Uniform Commercial Code
§ 4-2-701. Remedies for Breach of Collateral Contracts Not Impaired
§ 4-2-702. Seller's Remedies on Discovery of Buyer's Insolvency
§ 4-2-703. Seller's Remedies in General
§ 4-2-705. Seller's Stoppage of Delivery in Transit or Otherwise
§ 4-2-706. Seller's Resale Including Contract for Resale
§ 4-2-707. "Person in the Position of a Seller"
§ 4-2-708. Seller's Damages for Nonacceptance or Repudiation
§ 4-2-709. Action for the Price
§ 4-2-710. Seller's Incidental Damages
§ 4-2-711. Buyer's Remedies in General - Buyer's Security Interest in Rejected Goods
§ 4-2-712. "Cover" - Buyer's Procurement of Substitute Goods
§ 4-2-713. Buyer's Damages for Nondelivery or Repudiation
§ 4-2-714. Buyer's Damages for Breach in Regard to Accepted Goods
§ 4-2-715. Buyer's Incidental and Consequential Damages
§ 4-2-716. Buyer's Right to Specific Performance or Replevin
§ 4-2-717. Deduction of Damages From the Price
§ 4-2-718. Liquidation or Limitation of Damages - Deposits
§ 4-2-719. Contractual Modification or Limitation of Remedy
§ 4-2-720. Effect of "Cancellation" or "Rescission" on Claims for Antecedent Breach
§ 4-2-722. Who Can Sue Third Parties for Injury to Goods
§ 4-2-723. Proof of Market Price - Time and Place