BALW20150 Chapter Notes - Chapter 22: Anticipatory Repudiation, Specific Performance, United Nations Convention On Contracts For The International Sale Of Goods
17 Apr 2017
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Chapter 22: performance and breach of sales and lease contracts. Obligation of good faith: nonmerchant honesty in fact, merchant honesty in fact and observance of reasonable commercial standards of fair dealing in the trade (held to higher standard) Must occur at reasonable hour and in reasonable manner. Seller"s residence, if seller has no business location. Shipment contract requires seller to ship goods by carrier, rather than to delivery them at particular destination. Place goods into the hands of the carrier. Make a contract for their transportation that is reasonable according to nature of the goods and their value (ex. refrigeration) Obtain and promptly deliver/tender to the buyer any documents necessary to enable the buyer to obtain possession of goods from carrier. Promptly notify the buyer that shipment has been made. Buyer can reject the goods if material loss or significant delay results from seller not completing all of above steps.
