Term
What term is used to describe the basic obligation of a seller of goods to transfer and deliver goods to the buyer nin accordance with the terms of the contract? |
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Definition
Tender of delivery NOT pod delivery agreed |
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Term
In a noncarrier for the sale of goods where the goods are held by a bailee, can tender of delivery occer upon the happening of the following? A) seller tenders to the buyer a written direction to the bailee to deliver the goods to the buyer B)Seller tenders to the buyer a negotiable document of title C)Seller tenders to the buyer a nonnegotiable document of title covering the goods. D) Seller procures acknowledgement from the bailee of the buyers right to possession of the goods. |
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Definition
A) yes, will work B) Yes C) Yes D) Yes Written directions bailee? Yes. Acknowledgement goods have been sold? NO. |
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Term
In a destination contract, must the seller A) Deliver the goods to the buyer? B) Give proper and adequate notice of the shipment to the buyer? |
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Definition
A) yes B) yes Common Carrier? NO |
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Term
What name is given to the rule that requires that goods tendered to a buyer must conform in all ways to the terms of the contract? |
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Definition
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Term
| Which, if any, of the following is acommon provison in a contract that modifies the prefect tender rule? A) Only the defective good can be rejected B) The buyer will accept nonconforming goods with an appropriate price concession from the seller C) The seller has the opportunity to repair defective goods D) The seller has the opportunity to replace defective goods |
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Definition
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Term
If the seller has delivered nonconforming goods that have been rejected by the buyer, is the seller given the right to cure under Some circumstances, even if the orignal time for performance has passed? |
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Definition
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Term
If not mentioned in the contract, does the buyer have a right to inspect the goods in a reasonable time, place, and manner prior to accepting and paying for them? |
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Definition
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Term
Which, if any, of the following is a remedy of a seller? A) Right to cover B) Right to resell the goods C) Right to withhold delivery D) Right to cancel the contract |
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Definition
A) No, remedy of buyer. B) Yes C) Yes D) Yes |
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Term
Which, if any of the following is a buyer's remedy? A) Right to reject B) Right to recover damages C) Right to resell D) Right to specific performance E) Right to cover F) Right to cancel the contract |
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Definition
A) yes b) yes C) No (sellers remedy) D) Yes E) Yes F) Yes |
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Term
A seller breaches a contract for the sales of goods, and the buyer then acquires similar goods from another supplier. What right is the buyer exercising? |
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Definition
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