N.Y. UCC Law § 2-612
This is the official text of N.Y. UCC Law § 2-612, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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"Installment Contract"; Breach
Official statutory text
Section 2--612. "Installment Contract"; Breach.\n (1) An "installment contract" is one which requires or authorizes the\ndelivery of goods in separate lots to be separately accepted, even\nthough the contract contains a clause "each delivery is a separate\ncontract" or its equivalent.\n (2) The buyer may reject any installment which is non-conforming if\nthe non-conformity substantially impairs the value of that installment\nand cannot be cured or if the non-conformity is a defect in the required\ndocuments; but if the non-conformity does not fall within subsection (3)\nand the seller gives adequate assurance of its cure the buyer must\naccept that installment.\n (3) Whenever non-conformity or default with respect to one or more\ninstallments substantially impairs the value of the whole contract there\nis a breach of the whole. But the aggrieved party reinstates the\ncontract if he accepts a non-conforming installment without seasonably\nnotifying of cancellation or if he brings an action with respect only to\npast installments or demands performance as to future installments.\n
Status: in_force · Read it on the official government site
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