Iowa Code § 554.2613

Current through bills signed by governor as of 5/17/2024

Section 554.2613 - Casualty to identified goods

Where the contract requires for its performance goods identified when the contract is made, and the goods suffer casualty without fault of either party before the risk of loss passes to the buyer, or in a proper case under a "no arrival, no sale" term (section 554.2324) then

1. if the loss is total the contract is avoided; and

2. if the loss is partial or the goods have so deteriorated as no longer to conform to the contract the buyer may nevertheless demand inspection and at the buyer's option either treat the contract as avoided or accept the goods with due allowance from the contract price for the deterioration or the deficiency in quantity but without further right against the seller.

Iowa Code § 554.2613

C24, 27, 31, 35, 39, §9936, 9937; C46, 50, 54, 58, 62, § 554.8, 554.9; C66, 71, 73, 75, 77, 79, 81, § 554.2613 2009 Acts, ch 41, §263

Referred to in §554.2324