Legal Question in Business Law in West Virginia
Commercial Law
I accept non-conforming goods, repudiate acceptance once discovered and notify the seller. The same day my warehouse burns down and the goods are destroyed, my insurance covers half the purchase price and I am being sued for the contract price. What remedy is there under the UCC? For who? I'm a student and I'm allowed help anywhere I can get it!
1 Answer from Attorneys
Re: Commercial Law
The first thing you must do is read the code and the annotations. The next step is to review the contract, even though repudiated, it may allocate risk. I have not researched nor handled a case like this so my observations are from a general standpoint. It would appear that possession requires due care. Any negligence would trigger liability. It this were a real case, then you should consult counsel to determine your rights and obligations.
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