reglab/housing_qa huggingface dataset:
810 ILCS 5/2-323
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-323)Sec. 2-323. Form  of bill of lading required in overseas shipment; "overseas".(1) Where the contract contemplates overseas shipment and contains a  term C.I.F. or C. & F. or F.O.B. vessel, the seller unless otherwise agreed  must obtain a negotiable bill of lading stating that the goods have been  loaded on board or, in the case of a term C.I.F. or C. & F., received for  shipment.(2) Where in a case within subsection (1) a tangible bill of lading has been  issued in a set of parts, unless otherwise agreed if the documents are not  to be sent from abroad the buyer may demand tender of the full set;  otherwise only one part of the bill of lading need be tendered. Even if the  agreement expressly requires a full set:(a) due tender of a single part is acceptable within     the provisions of this Article on cure of improper delivery (subsection (1) of Section 2-508); and(b) even though the full set is demanded, if the     documents are sent from abroad the person tendering an incomplete set may nevertheless require payment upon furnishing an indemnity which the buyer in good faith deems adequate.(3) A shipment by water or by air or a contract contemplating such  shipment is "overseas" insofar as by usage of trade or agreement it is  subject to the commercial, financing or shipping practices characteristic  of international deep water commerce.  (Source: P.A. 100-201, eff. 8-18-17.)
810 ILCS 5/2-324
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-324)Sec. 2-324.     "No  arrival, no sale" term.     Under a term "no arrival, no sale" or terms of like meaning, unless  otherwise agreed,(a) the seller must properly ship conforming goods     and if they arrive by any means he must tender them on arrival but he assumes no obligation that the goods will arrive unless he has caused the non-arrival; and(b) where without fault of the seller the goods are     in part lost or have so deteriorated as no longer to conform to the contract or arrive after the contract time, the buyer may proceed as if there had been casualty to identified goods (Section 2-613).   (Source: Laws 1961, p. 2101.)
810 ILCS 5/2-325
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-325)Sec. 2-325.     "Letter of credit" term; "confirmed credit".(1) Failure of the buyer seasonably to furnish an agreed letter of  credit is a breach of the contract for sale.(2) The delivery to seller of a proper letter of credit suspends the  buyer's obligation to pay. If the letter of credit is dishonored, the  seller may on seasonable notification to the buyer require payment directly  from him.(3) Unless otherwise agreed the term "letter of credit" or "banker's  credit" in a contract for sale means an irrevocable credit issued by a  financing agency of good repute and, where the shipment is overseas, of  good international repute. The term "confirmed credit" means that the  credit must also carry the direct obligation of such an agency which does  business in the seller's financial market.    (Source: Laws 1961, p. 2101.)
810 ILCS 5/2-326
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-326)Sec. 2-326.     Sale  on approval and sale or return; rights of creditors.(1) Unless otherwise agreed, if delivered goods may be returned by the  buyer even though they conform to the contract, the transaction is(a) a "sale on approval" if the goods are delivered     primarily for use, and(b) a "sale or return" if the goods are delivered     primarily for resale.(2) Goods held on approval are not  subject to the claims of the buyer's creditors until acceptance; goods held  on sale or return are subject to such claims while in the buyer's  possession.(3) Any "or return" term of a contract for sale is to be treated as a  separate contract for sale within the statute of frauds section of this  Article (Section 2-201) and as contradicting the sale aspect of the  contract within the provisions of this Article on parol or extrinsic  evidence (Section 2-202).    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/2-327
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-327)Sec. 2-327.     Special incidents of sale on approval and sale or return.(1) Under a sale on approval unless otherwise agreed(a) although the goods are identified to the contract     the risk of loss and the title do not pass to the buyer until acceptance; and(b) use of the goods consistent with the purpose of     trial is not acceptance but failure seasonably to notify the seller of election to return the goods is acceptance, and if the goods conform to the contract acceptance of any part is acceptance of the whole; and(c) after due notification of election to return, the     return is at the seller's risk and expense but a merchant buyer must follow any reasonable instructions.(2) Under a sale or return unless otherwise agreed(a) the option to return extends to the whole or any     commercial unit of the goods while in substantially their original condition, but must be exercised seasonably; and(b) the return is at the buyer's risk and expense.    (Source: Laws 1961, 1st SS., p. 7.)
810 ILCS 5/2-328
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-328)Sec. 2-328.     Sale by auction.     (1) In a sale by auction if goods are put up in lots each lot is the  subject of a separate sale.(2) A sale by auction is complete when the auctioneer so announces  by the fall of the hammer or in other customary manner. Where a bid is  made while the hammer is falling in acceptance of a prior bid the  auctioneer may in his discretion reopen the bidding or declare the goods  sold under the bid on which the hammer was falling.(3) Such a sale is with reserve unless the goods are in explicit  terms put up without reserve. In an auction with reserve the auctioneer  may withdraw the goods at any time until he announces completion of the  sale. In an auction without reserve, after the auctioneer calls for bids  on an article or lot, that article or lot cannot be withdrawn unless no  bid is made within a reasonable time. In either case a bidder may  retract his bid until the auctioneer's announcement of completion of the  sale, but a bidder retraction does not revive any previous bid.(4) If the auctioneer knowingly receives a bid on the seller's  behalf or the seller makes or procures such a bid, and notice has not  been given that liberty for such bidding is reserved, the buyer may at  his option avoid the sale or take the goods at the price of the last  good faith bid prior to the completion of the sale. This subsection  shall not apply to any bid at a forced sale.    (Source: Laws 1961, p. 2101.)
810 ILCS 5/Art. 2 Pt. 4 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 PART 4.      TITLE, CREDITORS AND GOOD FAITH PURCHASERS
810 ILCS 5/2-401
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-401)Sec. 2-401. Passing of title; reservation for security; limited application of this  Section.   Each provision of this Article with regard to the rights, obligations  and remedies of the seller, the buyer, purchasers or other third parties  applies irrespective of title to the goods except where the provision  refers to such title. Insofar as situations are not covered by the other  provisions of this Article and matters concerning title become material the  following rules apply:(1) Title to goods cannot pass under a contract for     sale prior to their identification to the contract (Section 2-501), and unless otherwise explicitly agreed the buyer acquires by their identification a special property as limited by this Act. Any retention or reservation by the seller of the title (property) in goods shipped or delivered to the buyer is limited in effect to a reservation of a security interest. Subject to these provisions and to the provisions of the Article on Secured Transactions (Article 9), title to goods passes from the seller to the buyer in any manner and on any conditions explicitly agreed on by the parties.(2) Unless otherwise explicitly agreed title passes     to the buyer at the time and place at which the seller completes his performance with reference to the physical delivery of the goods, despite any reservation of a security interest and even though a document of title is to be delivered at a different time or place; and in particular and despite any reservation of a security interest by the bill of lading(a) if the contract requires or authorizes the         seller to send the goods to the buyer but does not require him to deliver them at destination, title passes to the buyer at the time and place of shipment; and(b) if the contract requires delivery at         destination, title passes on tender there.(3) Unless otherwise explicitly agreed where delivery     is to be made without moving the goods,(a) if the seller is to deliver a tangible         document of title, title passes at the time when and the place where he delivers such documents and if the seller is to deliver an electronic document of title, title passes when the seller delivers the document; or(b) if the goods are at the time of contracting         already identified and no documents of title are to be delivered, title passes at the time and place of contracting.(4) A rejection or other refusal by the buyer to     receive or retain the goods, whether or not justified, or a justified revocation of acceptance revests title to the goods in the seller. Such revesting occurs by operation of law and is not a "sale". (Source: P.A. 95-895, eff. 1-1-09.)
810 ILCS 5/2-402
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-402)Sec. 2-402.     Rights of seller's creditors against sold goods.(1) Except as provided in subsections (2) and (3), rights of unsecured  creditors of the seller with respect to goods which have been identified to  a contract for sale are subject to the buyer's rights to recover the goods  under this Article (Sections 2-502 and 2-716).(2) A creditor of the seller may treat a sale or an identification of  goods to a contract for sale as void if as against him a retention of  possession by the seller is fraudulent under any rule of law of the state  where the goods are situated, except that retention of possession in good  faith and current course of trade by a merchant-seller for a commercially  reasonable time after a sale or identification is not fraudulent.(3) Nothing in this Article shall be deemed to impair the rights of  creditors of the seller(a) under the provisions of the Article on Secured     Transactions (Article 9); or(b) where identification to the contract or delivery     is made not in current course of trade but in satisfaction of or as security for a pre-existing claim for money, security or the like and is made under circumstances which under any rule of law of the state where the goods are situated would apart from this Article constitute the transaction a fraudulent transfer or voidable preference.   (Source: Laws 1961, p. 2101.)
810 ILCS 5/2-403
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-403)Sec. 2-403.         Power to transfer; good faith purchase of goods;  "entrusting".(1) A purchaser of goods acquires all title which his transferor had  or had power to transfer except that a purchaser of a limited interest  acquires rights only to the extent of the interest purchased. A person  with voidable title has power to transfer a good title to a good faith  purchaser for value. When goods have been delivered under a transaction  of purchase the purchaser has such power even though(a) the transferor was deceived as to the identity of     the purchaser, or(b) the delivery was in exchange for a check which is     later dishonored, or(c) it was agreed that the transaction was to be a     "cash sale", or(d) the delivery was procured through fraud     punishable as larcenous under the criminal law.(2) Any entrusting of possession of goods to a merchant who deals in  goods of that kind gives him power to transfer all rights of the  entruster to a buyer in ordinary course of business.(3) "Entrusting" includes any delivery and any acquiescence in  retention of possession regardless of any condition expressed between  the parties to the delivery or acquiescence and regardless of whether  the procurement of the entrusting or the possessor's disposition of the  goods have been such as to be larcenous under the criminal law.(4) The rights of other purchasers of goods and of lien creditors  are governed by the Articles on Secured Transactions (Article 9) and Documents  of Title (Article 7).    (Source: P.A. 87-308.)
810 ILCS 5/Art. 2 Pt. 5 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 PART 5.      PERFORMANCE
810 ILCS 5/2-501
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-501)Sec. 2-501.     Insurable interest in goods; manner of identification of goods.(1) The buyer obtains a special property and an insurable interest in  goods by identification of existing goods as goods to which the contract  refers even though the goods so identified are non-conforming and he has an  option to return or reject them. Such identification can be made at any  time and in any manner explicitly agreed to by the parties. In the absence  of explicit agreement identification occurs(a) when the contract is made if it is for the sale     of goods already existing and identified;(b) if the contract is for the sale of future goods     other than those described in paragraph (c), when goods are shipped, marked or otherwise designated by the seller as goods to which the contract refers;(c) when the crops are planted or otherwise become     growing crops or the young are conceived if the contract is for the sale of unborn young to be born within 12 months after contracting or for the sale of crops to be harvested within 12 months or the next normal harvest season after contracting whichever is longer.(2) The seller retains an insurable interest in goods so long as title  to or any security interest in the goods remains in him and where the  identification is by the seller alone he may until default or insolvency or  notification to the buyer that the identification is final substitute other  goods for those identified.(3) Nothing in this Section impairs any insurable interest recognized  under any other statute or rule of law.    (Source: Laws 1961, 1st SS., p. 7.)
810 ILCS 5/2-502
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-502)Sec. 2-502.     Buyer's right to goods on seller's insolvency.(1) Subject 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:(a) in the case of goods bought for personal, family,     or household purposes, the seller repudiates or fails to deliver as required by the contract; or(b) in all cases, the seller becomes insolvent within     10 days after receipt of the first installment on their price.(2) The buyer's right to recover the goods under subsection (1)(a) vests  upon acquisition of a special property, even if the seller had not then  repudiated or failed to deliver.(3) If 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.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/2-503
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-503)Sec. 2-503. Manner of seller's tender of delivery.(1) Tender of delivery requires that the seller put and hold conforming  goods at the buyer's disposition and give the buyer any notification  reasonably necessary to enable him to take delivery. The manner, time and  place for tender are determined by the agreement and this Article, and in  particular(a) tender must be at a reasonable hour, and if it is     of goods they must be kept available for the period reasonably necessary to enable the buyer to take possession; but(b) unless otherwise agreed the buyer must furnish     facilities reasonably suited to the receipt of the goods.(2) Where the case is within the next section respecting shipment tender  requires that the seller comply with its provisions.(3) Where the seller is required to deliver at a particular destination  tender requires that he comply with subsection (1) and also in any  appropriate case tender documents as described in subsections (4) and (5)  of this Section.(4) Where goods are in the possession of a bailee and are to be  delivered without being moved(a) tender requires that the seller either tender a     negotiable document of title covering such goods or procure acknowledgment by the bailee of the buyer's right to possession of the goods; but(b) tender to the buyer of a non-negotiable document     of title or of a record directing  the bailee to deliver is sufficient tender unless the buyer seasonably objects, and except as otherwise provided in Article 9 receipt by the bailee of notification of the buyer's rights fixes those rights as against the bailee and all third persons; but risk of loss of the goods and of any failure by the bailee to honor the non-negotiable document of title or to obey the direction remains on the seller until the buyer has had a reasonable time to present the document or direction, and a refusal by the bailee to honor the document or to obey the direction defeats the tender.(5) Where the contract requires the seller to deliver documents(a) he must tender all such documents in correct     form, except as provided in this Article with respect to bills of lading in a set (subsection (2) of Section 2-323); and(b) tender through customary banking channels is     sufficient and dishonor of a draft accompanying or associated with the documents constitutes non-acceptance or rejection.   (Source: P.A. 95-895, eff. 1-1-09.)
810 ILCS 5/2-504
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-504)Sec. 2-504.     Shipment by seller.         Where the seller is required or authorized to send the goods to the  buyer and the contract does not require him to deliver them at a particular  destination, then unless otherwise agreed he must(a) put the goods in the possession of such a carrier     and make such a contract for their transportation as may be reasonable having regard to the nature of the goods and other circumstances of the case; and(b) obtain and promptly deliver or tender in due form     any document necessary to enable the buyer to obtain possession of the goods or otherwise required by the agreement or by usage of trade; and(c) promptly notify the buyer of the shipment.Failure to notify the buyer under paragraph (c) or to make a proper  contract under paragraph (a) is a ground for rejection only if material  delay or loss ensues.    (Source: Laws 1961, p. 2101.)
810 ILCS 5/2-505
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-505)Sec. 2-505. Seller's shipment under reservation.(1) Where the seller has identified goods to the contract by or before  shipment:(a) his procurement of a negotiable bill of lading to     his own order or otherwise reserves in him a security interest in the goods. His procurement of the bill to the order of a financing agency or of the buyer indicates in addition only the seller's expectation of transferring that interest to the person named.(b) a non-negotiable bill of lading to himself or his     nominee reserves possession of the goods as security but except in a case of conditional delivery (subsection (2) of Section 2-507 a non-negotiable bill of lading naming the buyer as consignee reserves no security interest even though the seller retains possession or control of the bill of lading.(2) When shipment by the seller with reservation of a security interest  is in violation of the contract for sale it constitutes an improper  contract for transportation within the preceding section but impairs  neither the rights given to the buyer by shipment and identification of the  goods to the contract nor the seller's powers as a holder of a negotiable  document of title.  (Source: P.A. 95-895, eff. 1-1-09.)
810 ILCS 5/2-506
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-506)Sec. 2-506. Rights of financing agency.(1) A financing agency by paying or purchasing for value a draft which  relates to a shipment of goods acquires to the extent of the payment or  purchase and in addition to its own rights under the draft and any document  of title securing it any rights of the shipper in the goods including the  right to stop delivery and the shipper's right to have the draft honored by  the buyer.(2) The right to reimbursement of a financing agency which has in good  faith honored or purchased the draft under commitment to or authority from  the buyer is not impaired by subsequent discovery of defects with reference  to any relevant document which was apparently regular.  (Source: P.A. 95-895, eff. 1-1-09.)
810 ILCS 5/2-507
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-507)Sec. 2-507.     Effect of seller's tender; delivery on condition.(1) Tender of delivery is a condition to the buyer's duty to accept the  goods and, unless otherwise agreed, to his duty to pay for them. Tender  entitles the seller to acceptance of the goods and to payment according to  the contract.(2) Where payment is due and demanded on the delivery to the buyer of  goods or documents of title, his right as against the seller to retain or  dispose of them is conditional upon his making the payment due.    (Source: Laws 1961, p. 2101.)
810 ILCS 5/2-508
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 2 - Sales

 (from Ch. 26, par. 2-508)Sec. 2-508.         Cure  by seller of improper tender or delivery; replacement.(1) Where any tender or delivery by the seller is rejected because  non-conforming and the time for performance has not yet expired, the seller  may seasonably notify the buyer of his intention to cure and may then  within the contract time make a conforming delivery.(2) Where the buyer rejects a non-conforming tender which the seller had  reasonable grounds to believe would be acceptable with or without money  allowance the seller may if he seasonably notifies the buyer have a further  reasonable time to substitute a conforming tender.    (Source: Laws 1961, p. 2101.)