Vermont § 603 - § 2—603.

Full text of Vermont Vermont Statutes Online § 603 — § 2—603., with citation guidance and answers to common questions.

§ 603. § 2—603.

  • Merchant buyer’s duties as to rightfully rejected goods (1) Subject to any security interest in the buyer (§ 2—711(3)), when the seller has no agent or place of business at the market of rejection a merchant buyer is under a duty after rejection of goods in his or her possession or control to follow any reasonable instructions received from the seller with respect to the goods and in the absence of such instructions to make reasonable efforts to sell them for the seller’s account if they are perishable or threaten to decline in value speedily. Instructions are not reasonable if on demand indemnity for expenses is not forthcoming. (2) When the buyer sells goods under subsection (1) of this section, he or she is entitled
    to reimbursement from the seller or out of the proceeds for reasonable expenses of
    caring for and selling them, and if the expenses include no selling commission then
    to such commission as is usual in the trade or if there is none to a reasonable sum
    not exceeding ten percent on the gross proceeds. (3) In complying with this section the buyer is held only to good faith and good faith
    conduct hereunder is neither acceptance nor conversion nor the basis of an action
    for damages.

Frequently Asked Questions About Vermont § 603

What does Vermont Statutes Online § 603 cover?

Section 603 ("§ 2—603.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 603?

A common citation format is "Vermont Statutes Online § 603" (Vermont). 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 Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 603 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.