"Person in the position of a seller"

810 ILCS 5/2-707 — under Uniform Commercial Code.

810 ILCS 5/2-707

(810 ILCS 5/2-707) (from Ch. 26, par. 2-707)

Sec. 2-707. "Person in the position of a seller".

(1) 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.

(2) A person in the position of a seller may as provided in this Article withhold or stop delivery (Section 2-705) and resell (Section 2-706) and recover incidental damages (Section 2-710).

(Source: Laws 1961, p. 2101.)