A buyer who sells rejected goods on behalf of the seller is entitled to reasonable expenses not to exceed five percent of the gross proceeds.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), when a buyer rightfully rejects goods and sells them on behalf of the seller, the buyer is entitled to reimbursement for reasonable expenses incurred in the sale, but the UCC does not specify a five percent cap on these expenses. The actual amount can vary based on the circumstances and the reasonable costs incurred.

A Buyer Who Sells Rejected Goods on Behalf of the Seller