“Person in the position of a seller”.

A “person in the position of a seller” includes as against a principal an agent who has paid or become responsible for the price of goods on behalf of his principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller. A person in the position of a seller may as provided in this article withhold or stop delivery (section 28:2-705) and resell (section 28:2-706) and recover incidental damages (section 28:2-710). “Seller”. Section 2-103. “Security interest”. Section 1-201. “Goods”. Section 2-105. “Consignor”. Section 7-102. Definitional Cross References: “Consignee”. Section 7-102. Cross Reference: Article 5, Section 2-506. In addition to following in general the prior uniform statutory provision, the case of a financing agency which has acquired documents by honoring a letter of credit for the buyer or by discounting a draft for the seller has been included in the term “a person in the position of a seller.” Purposes of Changes: To make it clear that: Changes: Rewritten. Prior Uniform Statutory Provision: Section 52(2), Uniform Sales Act.