Title 7 — Title 7
0 chapters · 712 sections in this title.
Ala. Code § 7-2-722 Who Can Sue Third Parties for Injury to Goods
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Where a third party so deals with goods which have been identified to a contract for sale as to cause actionable injury to a party to that contract: (a) A right of action against the third party is in either party to the contract for sale who has title to or a security interest o…
Ala. Code § 7-2-723 Proof of Market Price: Time and Place
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(1) If an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, any damages based on market price (Section 7-2-708 or Section 7-2-713) shall be determined according to the price of such goods prevailing a…
Ala. Code § 7-2-724 Admissibility of Market Quotations
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Whenever the prevailing price or value of any goods regularly bought and sold in any established commodity market is in issue, reports in official publications or trade journals or in newspapers or periodicals of general circulation published as the reports of such market shall b…
Ala. Code § 7-2-725 Statute of Limitations in Contracts for Sale
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(1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it. (2) A cause of action accrues wh…