N.Y. UCC Law § 2-614
This is the official text of N.Y. UCC Law § 2-614, 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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Substituted Performance
Official statutory text
Section 2--614. Substituted Performance.\n (1) Where without fault of either party the agreed berthing, loading,\nor unloading facilities fail or an agreed type of carrier becomes\nunavailable or the agreed manner of delivery otherwise becomes\ncommercially impracticable but a commercially reasonable substitute is\navailable, such substitute performance must be tendered and accepted.\n (2) If the agreed means or manner of payment fails because of domestic\nor foreign governmental regulation, the seller may withhold or stop\ndelivery unless the buyer provides a means or manner of payment which is\ncommercially a substantial equivalent. If delivery has already been\ntaken, payment by the means or in the manner provided by the regulation\ndischarges the buyer's obligation unless the regulation is\ndiscriminatory, oppressive or predatory.\n
Status: in_force · Read it on the official government site
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