Ala. Code § 7-2-612 (1975) - 'Installment contract'; breach
|Cite as:||Ala. Code § 7-2-612 (1975)|
|Currency:||Current through the 2020 Regular Session Acts 1 through 206|
(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 nonconforming if the nonconformity substantially impairs the value of that installment and cannot be cured or if the nonconformity is a defect in the required documents; but if the nonconformity does not fall within subsection (3) and the seller gives adequate assurance of its cure, the buyer must accept that installment.
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