Question
Seller and Buyer contract for the sale of 20 widgets.Buyer makes a $15,000 down payment, which is half of the total purchase price.Three days after
Seller and Buyer contract for the sale of 20 widgets.Buyer makes a $15,000 down payment, which is half of the total purchase price.Three days after receiving the down payment, Seller manufacturers the 20 widgets, which conform to contract requirements, and sets them aside for later delivery.Seven days after receiving the down payment, Seller becomes insolvent.In a court proceeding, an unsecured creditor with a judgment against Seller seeks a court order to attach the 20 widgets to satisfy the judgment.In that proceeding, Buyer objects and claims it has the right to reclaim the 20 widgets from Seller if it pays the other half of the purchase price.What is the outcome?Support your answer with reference to the appropriate section(s) of the UCC?
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