UCC performance issues Flashcards
buyer options upon seller’s imperfect tender
buyer can either:
1) keep and sue for damages
2) reject some or all and sue for damages
requirements if buyer rejects goods
1) notify seller of rejection in a reasonable time
2) hold rejected goods using reasonable care
3) give seller reasonable time to arrange for removal of goods
rejection of goods for installment contract
buyer can only reject a delivery/installment if
1) defect substantially impairs the installment
2) defect cannot be cured
acceptance of goods occurs if either:
1) buyer confirms acceptance
2) buyer is silent
revoking acceptance of goods
buyer cannot reject after acceptance unless defect is discovered
defect must substantially impair the goods’ value and either
1) buyer accepted goods on reasonable belief that defect would be cured and it hasn’t been, or
2) buyer was excusably ignorant of defect or reasonably relied on seller’s assurance that goods conformed
seller’s ability to cure imperfect tender
seller can cure if:
1) seller gives buyer notice of intent to cure and time for performance hasn’t expired
2) seller had reasonable grounds to believe nonconforming goods sent would be acceptable