1 / 6

Performance of Sales and Lease Contracts

Obligations of the Seller or Lessor. 1. The seller or lessor must tender conforming goods to the buyer.

floramaria
Download Presentation

Performance of Sales and Lease Contracts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Obligations of the Seller or Lessor 1. The seller or lessor must tender conforming goods to the buyer. 2. If the seller or lessor tenders nonconforming goods prior to the performance date and the buyer or lessee rejects them, the seller or lessor may cure (repair or replace the goods) within the contract time for performance. 3. If the agreed-on means of delivery becomes impracticable or unavailable, the seller must substitute an alternative means (such as a different carrier) if one is available. 4. If a seller or lessor tenders nonconforming goods in any one installment under an installment contract, the buyer or lessee may reject the installment only if its value is substantially impaired and cannot be cured. 5. When performance becomes commercially impracticable owing to circumstances unforeseen when the contract was formed, the perfect tender rule no longer holds. Performance of Sales and Lease Contracts REQUIREMENTS OF PERFORMANCE Chapter 17

  2. Performance of Sales and Lease Contracts (Continued) Chapter 17

  3. Performance of Sales and Lease Contracts (Continued) Chapter 17

  4. Performance and Breach of Sales and Lease Contracts (Continued) Chapter 17

  5. Performance and Breach of Sales and Lease Contracts (Continued) Chapter 17

  6. Breach of Sales and Lease Contracts (Continued) Chapter 17

More Related