IV. Performance Flashcards
1
Q
Perfect Tender
A
100% Perfect
2
Q
Rejection of Goods Option for Buyer if NOT Perfect Tender UNLESS Installment K
A
Buyer has right to reject an installment only where there is a substantial impairment in that installment that can’t be cured.
3
Q
Rejection Limited by Seller’s Option to Cure
A
IF: Early Delivery. Reasonable in light of past deals.
4
Q
Rejection NOT possible after Acceptance
A
Buyer’s payment w/out opportunity to inspect not acceptance.
Buyer’s keeping goods w/out objection is acceptance.
5
Q
Revocation of Acceptance
A
Substantial Impairment (something really bad wrong)
Not discoverable earlier.
