The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
47-2502 - Buyer's right to goods on seller's insolvency
47-2502. Buyer's right to goods on seller's insolvency
A. Subject to subsections B and C of this section and even though the goods have not been shipped a buyer who has paid a part or all of the price of goods in which he has a special property under the provisions of section 47-2501 may on making and keeping good a tender of any unpaid portion of their price recover them from the seller if:
1. In the case of goods bought for personal, family or household purposes, the seller repudiates or fails to deliver as required by the contract; or
2. In all cases, the seller becomes insolvent within ten days after receipt of the first installment on their price.
B. The buyer's right to recover the goods under subsection A, paragraph 1 of this section vests on acquisition of a special property, even if the seller had not then repudiated or failed to deliver.
C. If the identification creating his special property has been made by the buyer he acquires the right to recover the goods only if they conform to the contract for sale.