{"data":{"id":"us-ky/krs-355.2-709","jurisdiction":"us-ky","citation":"KRS 355.2-709","heading":"Action for the price.","body":"(1) When the buyer fails to pay the price as it becomes due the seller may recover,\ntogether with any incidental damages under KRS 355.2-710, the price\n(a) of goods accepted or of conforming goods lost or damaged within a\ncommercially reasonable time after ris k of their loss has passed to the buyer;\nand\n(b) of goods identified to the contract if the seller is unable after reasonable effort\nto resell them at a reasonable price or the circumstances reasonably indicate\nthat such effort will be unavailing.\n(2) Where the seller sues for the price he must hold for the buyer any goods which have\nbeen identified to the contract and are still in his control except that if resale\nbecomes possible he may resell them at any time prior to the collection of the\njudgment. The net proceeds of any such resale must be credited to the buyer and\npayment of the judgment entitles him to any goods not resold.\n(3) After the buyer has wrongfully rejected or revoked acceptance of the goods or has\nfailed to make a payment due or has repudi ated (KRS 355.2 -610), a seller who is\nheld not entitled to the price under this section shall nevertheless be awarded\ndamages for nonacceptance under the preceding section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33331","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:42Z","sha256":"b4ac5e56e3186efc41527b7272f7abf0f51ba4e6b93947746f51e9c580059489","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2-708","next":"us-ky/krs-355.2-710"},"notice":"GroundRules: Original legal text. Not legal advice."}