BBG 231 Lecture 22: Business Law N22
6 Jan 2021
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Obligations of buyer/seller goods in accordance with the contract. Once the seller has tendered delivery, the buyer is obligated to accept and pay for the. Payment- unless otherwise agreed, the buyer must pay for the goods at the time and. Cost of inspection is borne by buyer unless otherwise agreed. If goods are whipped c. o. d without buyers agreement, buyer may reject the goods. Acceptance a buyer may accept goods: If, after having a reasonable opportunity to inspect, signifies agreement that the goods conform, or acceptable in spite of nonconformity. Buyer has a reasonable opportunity to inspect and fails to reject them within a reasonable amount of time. Buyer performs any act inconsistent with seller"s ownership (uses or resells them) When anticipation repudiation occurs, the non-breaching party has a choice of: Treating the repudiation as a final breach by pursuing a remedy.
