Performance Flashcards

1
Q

UCC: perfect tender

A

general standard, seller is obligated to deliver perfect goods

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2
Q

UCC: rejection of goods general rule

A

1) if goods are less than perfect
2) buyer has option to reject unless cure or an installment contract
3) rejection of the goods must occur before acceptance

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3
Q

UCC: cure

A

1) time for performance has expired: allowed to cure if the seller has reasonable grounds for believing that improper tender would be acceptable
2) time for performance not expired: allowed to cure within contract delivery date
3) installment sales contracts: buyer only has right to reject an installment where there is substantial impairment that can’t be cured

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4
Q

UCC: acceptance of goods effect

A

if buyer accepts, cannot later reject even if not perfect tender

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5
Q

UCC: acceptance of goods how

A

1) express
2) no opportunity for inspection no acceptance even if paid
3) implied acceptance: retention after opportunity for inspection without objection

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6
Q

UCC: revocation of acceptance of the goods

A

1) nonconformity substantially impairs value of goods
2) excusable ignorance of grounds for revocation or reasonable reliance on seller’s assurance of satisfaction
3) revocation within a reasonable time after discovery of non conformity

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7
Q

UCC: how buyer may reject or revoke goods

A

1) seasonably notify seller
2) hold the goods for seller
3) follow reasonable seller instructions

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8
Q

UCC: consequences of rejection or revocation of goods

A

1) goods back to seller

2) no buyer payment obligation

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