[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-502977-105":59,"doc-detail-502977-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","uniform-commercial-corner-reclaiming-parts-from-an-insolvent-buyer","Uniform Commercial Corner - Reclaiming Parts from an Insolvent Buyer","","Uniform Commercial Corner explores how an aviation parts seller can reclaim goods from an insolvent buyer when an AOG shipment is received on credit without the buyer’s ability to pay. It summarizes UCC 2-702(2) timing rules, including the ten-day demand period and the three-month written solvency misrepresentation exception. It also addresses the limits imposed by third-party rights and practical bankruptcy-stage reclamation, highlighting negotiation value and when legal counsel may be needed.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/uniform-commercial-corner-reclaiming-parts-from-an-insolvent-buyer/502977/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/uniform-commercial-corner-reclaiming-parts-from-an-insolvent-buyer/502977.png","ImageObject",300,407,{"name":92,"@type":93},"4398046744996","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-18","2026-10-03",true,{"@type":102,"interactionType":103,"userInteractionCount":19},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"How long does the seller have to demand reclamation under UCC 2-702(2)?","Question",{"text":112,"@type":113},"The seller must make the reclamation demand within ten days after the receipt of goods by the insolvent buyer.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How can the ten-day limitation be extended in certain cases?",{"text":117,"@type":113},"If the buyer made a written assertion of solvency to the particular seller in writing within three months before delivery and it proves false, the ten-day limitation does not apply.",{"name":119,"@type":110,"acceptedAnswer":120},"What limits the seller’s right to reclaim the goods?",{"text":121,"@type":113},"Reclamation is subject to the rights of a buyer in ordinary course, so if the seller sells the goods to a third party, the seller may lose the claim.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},502977,1791446962,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":66,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":133,"file_id":134,"file_url":135,"file_type":136,"file_size":137,"view_count":19,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":138,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":41},4398046744996,"The Aviation Suppliers Association  \nVolume 10, Issue 12 December 2002  \nUNIFORM COMMERCIAL CORNER  \nReclaiming Parts from an Insolvent Buyer  \nYou just sent an AOG part to your customer yesterday and today you find out that he’s unable to pay you because he does not have any money. What do you do?  \nThe Uniform Commercial Code section 2-702(2) states that “Where theseller 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.”  \nDiscovering your customer’s insolvency can present tricky legal issues. First, you cannot have known about the insolvency before the shipment. Second, you must discover the buyer’s insolvency within ten days after the shipment. Discovery can mean awareness that the buyer is not paying its debts, or becoming aware of other facts suggesting insolvency,  \nTen days is a short time period, especially in an industry where 90-day credit terms are common. There is away to lengthen the period to three months. UCC 2-702(2) holds that “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.” If your buyer has made a written assertion of solvency within the three months prior to delivery and that turns out to be a false representation then you can demand return of  \nthe goods even if more than ten days has passed.  \nYour right to return of the goods is“subject to the rights of a buyer in ordinary course”which means that if the seller sells the goods to a third party then you may be out of luck. If, your customer sells the parts AFTER receiving the written reclamation notice then you may still have a valid claim against the customer, which might be considered a priority claim in a bankruptcy proceeding.  \nWhat if the buyer is on the verge of bankruptcy?  \nIn some cases, a timely assertion of the right of reclamation can save the parts in question from the clutches of the bankruptcy court. This is because the reclamation demand reverts the goods to the ownership of the seller, removing them from the estate of the buyer and from the authority of the bankruptcy court. Specifics on this issue can be quite tricky, as seemingly minor factual differences can create varying results.  \nVindication of your rights can sometimes require hiring a lawyer. Even when the transaction is not sufficiently valuable to justify legal expenses, though, it is always good to know when the law is on your side, as this can be a powerful tool in negotiations.  \n\n| Inside this Issue:\u003Cbr>Dual Release 8130-3 Tags ...........139\u003Cbr>Part 145 Revisions   141\u003Cbr>Filing Liens with the FAA............143\u003Cbr>Hazmat Rule Changes .................144\u003Cbr>German AD: Pallets   146\u003Cbr>German AD: Pallets & Nets   147 |\n| --- |\n| Congratulations to the newly accredited and re\u003Cbr>accredited companies Newly Accredited:\u003Cbr>Chicago Aircraft, Inc.\u003Cbr>Arlington Heights, IL\u003Cbr>GA Telesis Turbine Technologies\u003Cbr>Opa Locka, FL\u003Cbr>Jet X Aerospace\u003Cbr>Elk Grove Village, IL\u003Cbr>Re-Accredited:\u003Cbr>Eagle Industries International, Inc.\u003Cbr>Brewster, NY\u003Cbr>Global Aviation Support, Inc.\u003Cbr>Miami, FL\u003Cbr>Hubair, Inc.\u003Cbr>Sunrise, FL\u003Cbr>JDS Aviation, LLC.\u003Cbr>Islandia, NY\u003Cbr>Turbine Parts Services, Inc.\u003Cbr>Miami, FL\u003Cbr>Styles Logistics, Inc.\u003Cbr>Lagrangeville, NY\u003Cbr>|\n\nDecember 2002 ASA-The Update Report 137  \nA Message from ASA’s President  \nDear Members,  \nASA is looking forward to 2003, as it looks like it will be an exciting year.  \n20 03 marks the 1 00-year anniversary of flight. Celebrations are planned through out the year. Being a part of the aviation industry and continuing the growth of flight will be special this year.  \nASA will also be celebrating its 10-year anniversary. ASA was incorporated in February 1993. We will be holding a 10-year party atthe annual conference at the Ritz Carlton in Naples, FL on June 22- 24, 2003. A flyer was mailed regarding the hotel information and the r","cbCainc5jT3qbgat","https://ap.wps.com/l/cbCainc5jT3qbgat","pdf",1155167,12,"English","# UNIFORM COMMERCIAL CORNER\n## Reclaiming Parts from an Insolvent Buyer\n## Timing and the UCC 2-702(2) Exception\n## Limits: Ordinary Course Buyer Rights\n## Reclamation When Bankruptcy Is Near\n## Practical Considerations and Legal Help","[{\"question\":\"How long does the seller have to demand reclamation under UCC 2-702(2)?\",\"answer\":\"The seller must make the reclamation demand within ten days after the receipt of goods by the insolvent buyer.\"},{\"question\":\"How can the ten-day limitation be extended in certain cases?\",\"answer\":\"If the buyer made a written assertion of solvency to the particular seller in writing within three months before delivery and it proves false, the ten-day limitation does not apply.\"},{\"question\":\"What limits the seller’s right to reclaim the goods?\",\"answer\":\"Reclamation is subject to the rights of a buyer in ordinary course, so if the seller sells the goods to a third party, the seller may lose the claim.\"}]","Uniform Commercial Corner - Reclaiming Parts from an Insolvent Buyer | PDF",1791047276]