chapter 20 Flashcards
Performance
Fulfillment of a contractual obligation.
Tender of delivery
Seller makes available to buyer goods conforming to the contract and notifies the buyer.
Time of tender
Tender must be made at a reasonable time and kept open for a reasonable period of time.
Place of tender
•If none is specified, place of delivery is the seller’s place of business or. If he has no such place, his residence.
F.O.B what is it and two types
Free on Board
F.O.B Shipment
•F.O.B destination
under shipment contract sellers obligations
- Deliver the goods to a carrier
- Make a contract for their transportation
- Obtain and promptly deliver
- Promptly notify the buyer of the shipment.
Under shipment contract Seller obligations
Deliver the goods to a carrier
•Make a contract for their transportation
•Obtain and promptly deliver
•Promptly notify the buyer of the shipment.
to help remember think take to ups make a contract with them they obtain and promptly deliver amd notfy the buy
Destination contract
The seller must at his/her own expense and risk transport the goods to that place and there tender delivery of them to the buyer.