sales – buyer and seller obligations Flashcards

1
Q

seller obligations

what are the seller’s basic obligations to the buyer

A
  1. deliver the thing
  2. warrant the thing against redhibitory defects, eviction, and the thing is reasonably fit for its ordinary or intended use
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2
Q

seller’s obligations

when must delivery be made

A

at a place where the thing is located at the time of sale

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3
Q

seller’s obligations

what must the seller adhere to for delivering movables

A

seller must deliver conforming goods of the agreed upon kind, quality, and quantity

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4
Q

seller’s obligations

what is the buyer’s right to inspect

A

the buyer cna determine whether the seller has furnished conforming goods; must be done within a reasonable amount of time

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5
Q

seller’s obligations

what happens if the buyer accepts nonconforming goods

A

he may not later reject them, unless he accepted them with the reasonable belief that the nonconformity would be cured

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6
Q

seller’s obligations

when is the seller entitled to cure a nonconforming good

A
  1. the time for performance has not yet expired; or
  2. the seller reasonably believed the nonconforming goods would be acceptable to the buyer
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7
Q

seller’s obligations

what is the warranty against eviction generally

A

the seller warrants the buyer against eviction and eviction is the buyer’s loss of, or danger of losing, the whole or part of the thing sold because of a third party’s right that existed at the time of the sale

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8
Q

seller’s obligations

when has the buyer lost possession of the thing sold

A

a judgment is rendered in favor of a third party with superior rights in the thing

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9
Q

seller’s obligations

when is the buyer in danger of losing the thing sold

A

the buyer has not yet lost physical control over the thing; buyer must prove to a legal certainty that a third party has perfect title and the vendor has no title

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10
Q

seller’s obligations

when does the warranty against eviction apply

A

implied in every sale, but can be modified or excluded. the seller remains liable for her own actions.

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11
Q

seller’s obligations

what does the warranty against eviction cover

A

generally covers those rights that were in existence at the time of the sale

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12
Q

seller’s obligations

what is a partial eviction under the warranty against eviction

A

evicted from some of the property or some of the ownership rights (covers encumbrances – servitudes that are nonapparent, not declared by the seller, conventional; but does not cover legal or natural)

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13
Q

seller’s obligations

what is the recovery sought for partial eviction

A

had he not still bought thte thing without the part evicted from: rescission; otherwise, diminution

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14
Q

seller’s obligations

what additional recovery is available to the buyer under the warranty against eviction

A
  1. damages sustained because of the eviction
  2. value of any fruits he had to reutnr to the third person who evicted him
  3. improvements
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15
Q

seller’s obligations

when are attorneys fees allowed for a breach of the warranty against eviction

A

only when agreed upon

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16
Q

seller’s obligations

how can the parties modify the warranty against eviction

A

they can agree to limit or exclude the warranty against eviction

17
Q

seller’s obligations

what impacts the extent of the buyer’s recovery under the warranty against eviction

A
  1. the parties’ agreement
  2. the buyer’s knowledge of the danger of eviction
18
Q

seller’s obligations

what is a warranty sale under the warranty against eviction

A

default; buyer gets all remedies unless he had actual knowledge of the eviction, in which case he only gets price + interest (no damages)

19
Q

seller’s obligations

what is a non-warranty sale under the warranty against eviction

A

a sale where the warranty is excluded, but the buyer has no knowledge of eviction. the buyer gets price and interest only (no damages)

20
Q

seller’s obligations

what is a sale at buyer’s peril and risk under the warranty against eviction

A
  1. buyer is clearly aware of the danger (and it’s a NWS)
  2. buyer declares that he is buying at his own peril and risk
  3. the seller’s obligation to return the price is expressly excluded

THE BUYER GETS NOTHING!

21
Q

buyer’s obligations

what are the buyer’s obligations generally to the seller

A
  1. pay the price
  2. accept delivery of the thing
22
Q

buyer’s obligations

what is the seller’s option of a resale

A

in sale of a movable, a seller has the right to resell things still in his possession within a reasonable time and in good faith. the seller must provide reasonable notice of the sale (unless things are perishable/subject to rapid decline)

seller can recover the difference in contract price and what the movables are actually sold for