LAW 3113- Final Exam Guide - Comprehensive Notes for the exam ( 28 pages long!)
Document Summary
Customer promises to pay the amount (what we want is predictable orderly business: buyer is entitled to inspection, and perfect tender rule and reject goods of defect, seller has opportunity to cure. When buyer makes effective rejection seller hasn"t earned the price. If waits too long to make rejection (buyer loses right to reject) acceptance of goods/delivery. When buyer accepts delivery important legal consequences follow. The more seller can deprive the buy in terms of time for inspection less seller has to worry about in nature of lawsuits. Buyer can no longer reject goods, seller entitled to keep 18228 then. Merchant; regularly involved of sale or purchase of particular good (involved in this transaction. Through his business regularly deals in goods of kind involved in subject transaction. Statute invited and allowed seller to modify/ exclude warranties. However not allowed to exclude warranties to exclude words that they"ve said.
