Asked by Hannah Strength on Jun 28, 2024
Verified
The perfect tender rule requires that the seller's tender of performance must conform exactly to the contract unless:
A) it is not the seller's fault that her performance does not conform.
B) the seller and buyer agree that the seller can cure the defect.
C) at least a commercial unit of the goods conform.
D) the contract falls under the Uniform Commercial Code.
Perfect Tender Rule
A principle in commercial law that a seller's performance must exactly meet the contract specifications or the buyer can reject the goods.
Commercial Unit
A term used in the Uniform Commercial Code referring to a standard of measure, item, or a set of items that are treated as a single unit for the purposes of a transaction.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, intended to standardize laws across states.
- Gain an understanding of the perfect tender rule and its outcomes, along with the specific scenarios in which a buyer has the right to reject goods.
Verified Answer
WZ
Wenting ZhangJul 05, 2024
Final Answer :
B
Explanation :
The perfect tender rule, under the Uniform Commercial Code (UCC), allows for the possibility of cure by the seller if both parties agree to it. This means that if there is a defect or non-conformity in the goods delivered, and the buyer and seller agree, the seller can make the necessary corrections to conform to the contract specifications.
Learning Objectives
- Gain an understanding of the perfect tender rule and its outcomes, along with the specific scenarios in which a buyer has the right to reject goods.