buyer's performance, obligations, etc

Question 1

payment is due

Answer 1

time and place to receive goods, payment is a condition to seller’s duty to complete obligation, may ship under reservation– hold goods until buyer pays

installment sales- may be made or demanded with each installment unless k states otherwise

buyer has right to inspect prior to payment

Question 2

impracticability

Answer 2

performance becomes illegal; failure of a particular source of supply

if makes it more expensive, not excusable

Question 3

destuction of identified goods

Answer 3

has risk of loss passed to the buyer

is there total destruction

if so, contract is avoided

Question 4

limitation on expectation damages

Answer 4

must be proved with reasonable certainty

Question 5

consequential damages

Answer 5

not recoerable unless they had reason to know

Question 6

general damages includes

Answer 6

incidental damages, such as cost of storing rejected goods or consequential damages (unique)

Question 7

consequential damages can be limited un;ess it would be

Answer 7

unconsionable

Question 8

liquidated damages

Answer 8

okay as long as not a penalty

Question 9

replevin

Answer 9

buyer can recover specially identified goods

Question 10

right of reclamation

Answer 10

unpaid seller after buyer goes insolvent
1) buyer is insolvent at time of purchase
2) seller must demand return within 10 days of receipt or within a reasonable time if the buyer misrepresented his solveny to the seller and
3) buyer must still have the goods

Question 11

SOL

Answer 11

4 years; can be modified but not less than 1 year

Question 12

title cannot be obtained by

Answer 12

theft

Question 13

buyer who obtains title unlawfully, but can trasnfer it

Answer 13

to good faith purchaser for value