Chapter 22. Flashcards

(10 cards)

1
Q

Conforming Goods

A

Goods that conform to contract specifications

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2
Q

Tender of Delivery

A

A sellers act of placing conforming goods at the disposal of the buyer and providing whatever notification is reasonably necessary to enable the buyer to take delivery

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3
Q

Installment contract

A

Requires or authorizes deliveries on two or more separate lots to be accepted and paid for separately

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4
Q

Cover

A

Remedy that allows the buyer to obtain substitute goods from another seller

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5
Q

Replevin

A

An action that can be used by a buyer to recover identified goods from a third party who is wrongfully withholding them

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6
Q

Lien

A

An encumbrance on a property to satisfy a debt or protect a claim for payment of debt

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7
Q

Express warranty

A

A sellers promise as to the quality, condition, description, or performance of the goods being sold

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8
Q

Implied warranty

A

Arises due to circumstances of the sale and not from the sellers express promise

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9
Q

Implied warranty of merchantability

A

A warranty thatgoods being sold are reasonably fit for the general purpose of which they are sold

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10
Q

Implied warranty of fitness for a particular purpose

A

A warranty that goods sold are fit for a particular purpose for which they will be used

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