The buyer on notifying the seller of his intention to do so may deduct all or any part of the damages resulting from any breach of the contract from any part of the price still due under the same contract.
Source: L. 65: p. 1341, § 1. C.R.S. 1963: § 155-2-717.
Prior Uniform Statutory Provision: See Section 69(1)(a), Uniform Sales Act.
Purposes:
Cross Reference:
Point 2: Section 4-2-609.
Definitional Cross References:
"Buyer". Section 4-2-103.
"Notifies". Section 4-1-201.
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