{"data":{"id":"us-nj/n.j.-stat.-12a-2-502","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A:2-502","heading":"Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency","body":"Buyer's Right to Goods on Seller's Repudiation, Failure to Deliver, or Insolvency.\n(1)\tSubject to subsections (2) and (3) 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 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:\n(a)\tin the case of goods bought for personal, family, or household purposes, the seller repudiates or fails to deliver as required by the contract; or\n(b)\tin all cases, the seller becomes insolvent within ten days after receipt of the first installment on their price.\n(2)\tThe buyer's right to recover the goods under subsection (1)(a) of this section vests upon acquisition of a special property, even if the seller had not then repudiated or failed to deliver.\n(3)\tIf the identification creating his special property has been made by the buyer he acquires the right to recover the goods only if they conform to the contract for sale.\nL.1961, c.120, s.2-502; amended 2001, c.117, s.8.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"4fc98add07850f9f448d9bbbab1aa27450ccd626f5620107dd8b5851a75958ca","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-2-501","next":"us-nj/n.j.-stat.-12a-2-503"},"notice":"GroundRules: Original legal text. Not legal advice."}