Colorado § 4-2-703 - Seller's remedies in general.
Full text of Colorado Colorado Revised Statutes § 4-2-703 — Seller's remedies in general., with citation guidance and answers to common questions.
§ 4-2-703. Seller's remedies in general.
Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract (section 4-2-612), then also with respect to the whole undelivered balance, the aggrieved seller may:
(a) Withhold delivery of such goods;
(b) Stop delivery by any bailee as hereafter provided (section 4-2-705);
(c) Proceed under section 4-2-704 respecting goods still unidentified to the contract;
(d) Resell and recover damages as hereafter provided (section 4-2-706);
(e) Recover damages for nonacceptance (section 4-2-708) or in a proper case the price (section 4-2-709);
(f) Cancel.
Source: L. 65: p. 1335, § 1. C.R.S. 1963: § 155-2-703.
ANNOTATION
Law reviews. For article, "Mechanics' Liens Relative to Oil and Gas Operations — Part II", see 34 Dicta 373 (1957).
Paragraph (f) as a "remedy" of the seller is unrealistic in the face of the filing of the petition for bankruptcy within four months thereafter. The "cancellation" by retaking the goods could not be effective because whatever the action is called, it was still a "transfer" within the meaning of the bankruptcy act "for or on account of an antecedent debt" within four months of the filing of the bankruptcy petition, therefore a preferential transfer. In re Colacci's of Am., Inc., 490 F.2d 1118 (10th Cir. 1974).
Applied in Stone v. Caroselli, 653 P.2d 754 (Colo. App. 1982).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 4-2-703
What does Colorado Revised Statutes § 4-2-703 cover?
Section 4-2-703 ("Seller's remedies in general.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 4-2-703?
A common citation format is "Colorado Revised Statutes § 4-2-703" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 4-2-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.