Any disposition of reclaimed goods by the seller or lessor must be made in good faith and in a commercially reasonable manner.

Question

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The Uniform Commercial Code (UCC) requires the seller or lessor to dispose of reclaimed goods in good faith and in a commercially reasonable manner, as stated in UCC section 2-706(6) for sales and section 2A-527(3) for leases. This means that the seller or lessor must act honestly and fairly when selling or re-leasing the goods, and must make reasonable efforts to obtain a fair market value for them. Failure to do so could result in liability for damages to the buyer or lessee.

Any Disposition of Reclaimed Goods by the Seller or Lessor