The following rights are granted to the seller by the UCC when the customer becomes insolvent:
A. action in shipping. B. a transfer strike. C leave the transit. D halt in the transfer.
Within the meaning of this Act, a person is deemed insolvent if they are unable to pay their debts when they become due or have stopped doing so in the ordinary course of business (emphasis added).
The Uniform Business Code, or UCC, is a uniform legislation that governs transactions and other commercial activity. Agreements for the sale of goods are covered by Article 2, "Sales," of the UCC. Article 2 specifies how a seller may correct or rectify a delivery of nonconforming goods.
For additional information on the Uniform Commercial Code and Insolvency
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