{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.2-702.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.2-702.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.2-702.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.2-702.html"}],"law_id":69584,"edition_id":1,"section_id":69584,"structure_id":14714,"section_number":"8.2-702","catch_line":"Seller’s remedies on discovery of buyer’s insolvency","history":"1964, c. 219.","full_text":"1\n\nWhere the seller discovers the buyer to be insolvent he may refuse delivery except for cash including payment for all goods theretofore delivered under the contract, and stop delivery under this title (§ 8.2-705).2\n\nWhere the seller discovers that the buyer has received goods on credit while insolvent he may reclaim the goods upon demand made within ten days after the receipt, but if misrepresentation of solvency has been made to the particular seller in writing within three months before delivery the ten day limitation does not apply. Except as provided in this subsection the seller may not base a right to reclaim goods on the buyer’s fraudulent or innocent misrepresentation of solvency or of intent to pay.3\n\nThe seller’s right to reclaim under subsection (2) is subject to the rights of a buyer in ordinary course or other good faith purchaser or lien creditor under this title (§ 8.2-403). Successful reclamation of goods excludes all other remedies with respect to them.","order_by":null,"text":{"0":{"id":251562,"text":"Where the seller discovers the buyer to be insolvent he may refuse delivery except for cash including payment for all goods theretofore delivered under the contract, and stop delivery under this title (§ 8.2-705).","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"next_prefix":"2"},"1":{"id":251563,"text":"Where the seller discovers that the buyer has received goods on credit while insolvent he may reclaim the goods upon demand made within ten days after the receipt, but if misrepresentation of solvency has been made to the particular seller in writing within three months before delivery the ten day limitation does not apply. Except as provided in this subsection the seller may not base a right to reclaim goods on the buyer’s fraudulent or innocent misrepresentation of solvency or of intent to pay.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"2":{"id":251564,"text":"The seller’s right to reclaim under subsection (2) is subject to the rights of a buyer in ordinary course or other good faith purchaser or lien creditor under this title (§ 8.2-403). Successful reclamation of goods excludes all other remedies with respect to them.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":14714,"edition_id":1,"name":"Remedies","identifier":"7","label":"part","depth":2,"order_by":1,"parent_id":13346,"metadata":{},"date_created":"2026-06-26 03:49:27","date_modified":"2026-06-26 03:49:27","permalink":{"id":282265,"object_type":"structure","relational_id":14714,"identifier":"7","token":"8.2\/7","url":"\/8.2\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13346,"edition_id":1,"name":"Commercial Code - Sales","identifier":"8.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":281931,"object_type":"structure","relational_id":13346,"identifier":"8.2","token":"8.2","url":"\/8.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85835,"structure_id":14714,"section_number":"8.2-701","catch_line":"Remedies for breach of collateral contracts not impaired","url":"\/8.2-701\/","token":"8.2\/7\/8.2-701","metadata":false},{"id":69584,"structure_id":14714,"section_number":"8.2-702","catch_line":"Seller's remedies on discovery of buyer's insolvency","url":"\/8.2-702\/","token":"8.2\/7\/8.2-702","metadata":false},{"id":78574,"structure_id":14714,"section_number":"8.2-703","catch_line":"Seller's remedies in general","url":"\/8.2-703\/","token":"8.2\/7\/8.2-703","metadata":false},{"id":83665,"structure_id":14714,"section_number":"8.2-704","catch_line":"Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods","url":"\/8.2-704\/","token":"8.2\/7\/8.2-704","metadata":false},{"id":87075,"structure_id":14714,"section_number":"8.2-705","catch_line":"Seller's stoppage of delivery in transit or otherwise","url":"\/8.2-705\/","token":"8.2\/7\/8.2-705","metadata":false},{"id":66214,"structure_id":14714,"section_number":"8.2-706","catch_line":"Seller's resale including contract for resale","url":"\/8.2-706\/","token":"8.2\/7\/8.2-706","metadata":false},{"id":76676,"structure_id":14714,"section_number":"8.2-707","catch_line":"\"Person in the position of a seller.\"","url":"\/8.2-707\/","token":"8.2\/7\/8.2-707","metadata":false},{"id":84104,"structure_id":14714,"section_number":"8.2-708","catch_line":"Seller's damages for nonacceptance or repudiation","url":"\/8.2-708\/","token":"8.2\/7\/8.2-708","metadata":false},{"id":69334,"structure_id":14714,"section_number":"8.2-709","catch_line":"Action for the price","url":"\/8.2-709\/","token":"8.2\/7\/8.2-709","metadata":false},{"id":77135,"structure_id":14714,"section_number":"8.2-710","catch_line":"Seller's incidental damages","url":"\/8.2-710\/","token":"8.2\/7\/8.2-710","metadata":false},{"id":71698,"structure_id":14714,"section_number":"8.2-711","catch_line":"Buyer's remedies in general; buyer's security interest in rejected goods","url":"\/8.2-711\/","token":"8.2\/7\/8.2-711","metadata":false},{"id":76129,"structure_id":14714,"section_number":"8.2-712","catch_line":"\"Cover\"; buyer's procurement of substitute goods","url":"\/8.2-712\/","token":"8.2\/7\/8.2-712","metadata":false},{"id":66860,"structure_id":14714,"section_number":"8.2-713","catch_line":"Buyer's damages for nondelivery or repudiation","url":"\/8.2-713\/","token":"8.2\/7\/8.2-713","metadata":false},{"id":56369,"structure_id":14714,"section_number":"8.2-714","catch_line":"Buyer's damages for breach in regard to accepted goods","url":"\/8.2-714\/","token":"8.2\/7\/8.2-714","metadata":false},{"id":62991,"structure_id":14714,"section_number":"8.2-715","catch_line":"Buyer's incidental and consequential damages","url":"\/8.2-715\/","token":"8.2\/7\/8.2-715","metadata":false},{"id":83382,"structure_id":14714,"section_number":"8.2-716","catch_line":"Buyer's right to specific performance or detinue","url":"\/8.2-716\/","token":"8.2\/7\/8.2-716","metadata":false},{"id":82961,"structure_id":14714,"section_number":"8.2-717","catch_line":"Deduction of damages from the price","url":"\/8.2-717\/","token":"8.2\/7\/8.2-717","metadata":false},{"id":65551,"structure_id":14714,"section_number":"8.2-718","catch_line":"Liquidation or limitation of damages; deposits","url":"\/8.2-718\/","token":"8.2\/7\/8.2-718","metadata":false},{"id":76593,"structure_id":14714,"section_number":"8.2-719","catch_line":"Contractual modification or limitation of remedy","url":"\/8.2-719\/","token":"8.2\/7\/8.2-719","metadata":false},{"id":57861,"structure_id":14714,"section_number":"8.2-720","catch_line":"Effect of \"cancellation\" or \"rescission\" on claims for antecedent breach","url":"\/8.2-720\/","token":"8.2\/7\/8.2-720","metadata":false},{"id":70494,"structure_id":14714,"section_number":"8.2-721","catch_line":"Remedies for fraud","url":"\/8.2-721\/","token":"8.2\/7\/8.2-721","metadata":false},{"id":73811,"structure_id":14714,"section_number":"8.2-722","catch_line":"Who can sue third parties for injury to goods","url":"\/8.2-722\/","token":"8.2\/7\/8.2-722","metadata":false},{"id":84785,"structure_id":14714,"section_number":"8.2-723","catch_line":"Proof of market price; time and place","url":"\/8.2-723\/","token":"8.2\/7\/8.2-723","metadata":false},{"id":71937,"structure_id":14714,"section_number":"8.2-724","catch_line":"Admissibility of market quotations (subdivision (17) of Supreme Court Rule 2:803 derived from this section)","url":"\/8.2-724\/","token":"8.2\/7\/8.2-724","metadata":false},{"id":73642,"structure_id":14714,"section_number":"8.2-725","catch_line":"Statute of limitations in contracts for sale","url":"\/8.2-725\/","token":"8.2\/7\/8.2-725","metadata":false}],"previous_section":{"id":85835,"structure_id":14714,"section_number":"8.2-701","catch_line":"Remedies for breach of collateral contracts not impaired","url":"\/8.2-701\/","token":"8.2\/7\/8.2-701","metadata":false},"next_section":{"id":78574,"structure_id":14714,"section_number":"8.2-703","catch_line":"Seller's remedies in general","url":"\/8.2-703\/","token":"8.2\/7\/8.2-703","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.2-702\/","history_text":"

This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":87075,"section_number":"8.2-705","catch_line":"Seller's stoppage of delivery in transit or otherwise","order_by":null,"url":"\/8.2-705\/"}],"refers_to":[{"id":72662,"section_number":"8.2-403","catch_line":"Power to transfer; good faith purchase of goods; \"entrusting.\"","order_by":null,"url":"\/8.2-403\/"},{"id":87075,"section_number":"8.2-705","catch_line":"Seller's stoppage of delivery in transit or otherwise","order_by":null,"url":"\/8.2-705\/"}],"permalink":{"id":282271,"object_type":"law","relational_id":69584,"identifier":"8.2-702","token":"8.2\/7\/8.2-702","url":"\/8.2-702\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.2-702\/","token":"8.2\/7\/8.2-702","dublin_core":{"Title":"Seller’s remedies on discovery of buyer’s insolvency","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.2-702","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

1.<\/span> Where the seller discovers the buyer to be insolvent he may refuse delivery except for cash including payment for all goods theretofore delivered under the contract<\/span>, and stop delivery under this title (§ 8.2-705<\/a>). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Where the seller discovers that the buyer has received goods on credit while insolvent he may reclaim the goods upon demand made within ten days after the receipt, but if misrepresentation of solvency has been made to the particular seller in writing within three months before delivery the ten day limitation does not apply. Except as provided in this subsection the seller may not base a right to reclaim goods on the buyer’s fraudulent or innocent misrepresentation of solvency or of intent<\/span> to pay. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The seller’s right to reclaim under subsection (2) is subject to the rights of a buyer in ordinary course or other good faith purchaser or lien<\/span> creditor<\/span> under this title (§ 8.2-403<\/a>). Successful reclamation of goods excludes all other remedies with respect to them. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSELLER’S REMEDIES ON DISCOVERY OF BUYER’S INSOLVENCY (\u00a7 8.2-702)\n\n1. Where the seller discovers the buyer to be insolvent he may refuse delivery\nexcept for cash including payment for all goods theretofore delivered under the\ncontract, and stop delivery under this title (§ 8.2-705).\n\n2. Where the seller discovers that the buyer has received goods on credit while\ninsolvent he may reclaim the goods upon demand made within ten days after the\nreceipt, but if misrepresentation of solvency has been made to the particular\nseller in writing within three months before delivery the ten day limitation\ndoes not apply. Except as provided in this subsection the seller may not base a\nright to reclaim goods on the buyer’s fraudulent or innocent\nmisrepresentation of solvency or of intent to pay.\n\n3. The seller’s right to reclaim under subsection (2) is subject to the\nrights of a buyer in ordinary course or other good faith purchaser or lien\ncreditor under this title (§ 8.2-403). Successful reclamation of goods\nexcludes all other remedies with respect to them.\n\nHISTORY: 1964, c. 219.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}