The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 2-502)
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§ 2—502. Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency
(1) Subject to subsections (2) and (3) of this section and even though the goods have
not been shipped a buyer who has paid a part or all of the price of goods in which
he or she has a special property under the provisions of the immediately preceding
section may on making and keeping good a tender of any unpaid portion of their price
recover them from the seller if:
(a) in the case of goods bought for personal, family, or household purposes, the seller
repudiates or fails to deliver as required by the contract; or
(b) in other cases, the seller becomes insolvent within ten days after receipt of the
first installment on their price.
(2) The buyer’s right to recover the goods under paragraph (1)(a) vests upon acquisition
of a special property, even if the seller had not then repudiated or failed to deliver.
(3) If the identification creating his or her special property has been made by the buyer
he or she acquires the right to recover the goods only if they conform to the contract
for sale. (Amended 1999, No. 106 (Adj. Sess.), § 8, eff. July 1, 2001.)