Atlanta Georgia Notice of Cancellation of Sales Agreement Pursuant to Article 2 of the Uniform Commercial Code

• Category: Contracts - Buy Sell - Sale of Goods
• State: Multi-State
• City: Atlanta
• Control #: US-03284BG
• Format: Word; Rich Text

Description

The Uniform Commercial Code (UCC) has been adopted in whole or in part by the legislatures of all 50 states.

After the seller or lessor has notified the buyer or lessee of the cancellation, the seller's or lessor's obligations are discharged and he or she can pursue remedies available for breach [UCC 2-703(f), 2A-523(1)(a)].

On notice of cancellation, the buyer or lessee has no more obligations under the contract and retains all rights to other remedies against the seller [UCC 2711(1), 2A508(1)(a)].