Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 2-612 — "Installment Contract"; Breach
N.Y. U.C.C. Law § 2-612
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 2--612. "Installment Contract"; Breach.
Citator
N.Y. U.C.C. Law § 2-612 — "Installment Contract"; Breach is in force in the current edition of the Code, and nothing recorded condemns it.
Section 2--612. "Installment Contract"; Breach.
(1) An "installment contract" is one which requires or authorizes the delivery of goods in separate lots to be separately accepted, even though the contract contains a clause "each delivery is a separate contract" or its equivalent.
(2) The buyer may reject any installment which is non-conforming if the non-conformity substantially impairs the value of that installment and cannot be cured or if the non-conformity is a defect in the required documents; but if the non-conformity does not fall within subsection (3) and the seller gives adequate assurance of its cure the buyer must accept that installment.
(3) Whenever non-conformity or default with respect to one or more installments substantially impairs the value of the whole contract there is a breach of the whole. But the aggrieved party reinstates the contract if he accepts a non-conforming installment without seasonably notifying of cancellation or if he brings an action with respect only to past installments or demands performance as to future installments.