Explore the legal terms and concepts related to Performance Under UCC. Click on any term below to learn more about its definition and applications.
What does the "ability to cure" mean?
In some scenarios, a seller who fails to make a perfect tender will get a "second chance" to fix the...
How may a buyer revoke acceptance of goods?
Generally, once a buyer accepts goods, their power to reject them is terminated. However, a buyer ma...
What is the effect of a buyer accepting goods on his ability to reject them?
A buyer cannot reject goods if they have already accepted them. Note that payment without an opportu...
What are a buyer's rights to reject goods in an installment contract?
A buyer's right to reject goods in an installment contract is more limited. The buyer has a right to...
What happens if a seller wishes to cure beyond the time obligated for performance?
Only in limited situations do sellers have a right to cure beyond the original contract time for per...
What happens if a seller wishes to cure within the time obligated for performance?
If the buyer has rejected goods because of defects, the seller may cure within the time originally p...
When is the price due in carrier cases, shipment contracts, and destination contracts?
In carrier cases, the price is due only at the time and place the buyer receives the goods. In a shi...
When is the price due in non-carrier cases?
In non-carrier cases, the price is due concurrently with tender of delivery (unless the contract spe...
What is the perfect tender rule, and what is the consequence of less than perfect tender?
The UCC requires perfect tender of goods, which means the delivery and condition of the goods must b...
What factors limit a buyer's ability to reject goods?
A buyer's ability to reject is limited by: (1) the seller's ability to cure; (2) the fact that it is...
What is the buyer's right of inspection?
A buyer has a right to inspect goods before payment is made.
When may the seller demand payment in an installment contract?
In installment contracts, if the price can be apportioned then the seller may demand payment for eac...
