Chapter 16: Performance and Breach of Sales and Lease Contracts

Question 1

The seller or lessor must tender _________ to the buyer or lessee

Answer 1

Conforming Goods

Question 2

Tender must take place when and how?

Answer 2

At a reasonable hour and in a reasonable manner

Question 3

Under this, the seller or lessor must tender goods that conform exactly to the terms of the contract

Answer 3

Perfect Tender Doctrine

Question 4

The Perfect Tender Doctrine says what?

Answer 4

That the seller or lessor must tender goods that conform exactly to the terms of the contract

Question 5

If a seller or lessor tenders nonconforming goods prior to the performance date and the buyer or lessee rejects them, wheat can the seller or lessor do?

Answer 5

Cure the good within the contract time for performance

Question 6

If the seller or lessor had reasonable grounds to believe the buyer or lessee would accept the tendered goods, on the buyer’s or lessee’s rejection, the seller or lessor has a reasonable time to do what?

Answer 6

Substitute conforming goods without liability