Ch 23 - Obligations Flashcards
1
Q
Perfect tender rule
A
Requires that the seller delivers the goods in conformation with the terms of the contract down to the last detail
2
Q
Substantial performance
A
All material elements of a contract are satisfied (weaker than perfect tender rule)
3
Q
Exceptions to perfect tender rule
A
Past dealings Usage of trade Contract terms Right to cure Destruction of goods Substantial impairment Commercial impracticality
4
Q
Buyer’s obligations
A
Inspection before payment
Reasonable time and place
Can reject all/part/subject to cure
Timeliness
5
Q
Good faith
A
Honesty in fact
