Asked by
jonathan harvey
on Nov 27, 2024Verified
A seller who tenders nonconforming goods with a price allowance has reasonable grounds to believe that the buyer will accept the tender.
NonConforming Goods
Products delivered under a contract that fail to meet the specifications or quality standards agreed upon by the buyer and seller.
Price Allowance
Price Allowance is a discount or reduction in price, usually granted by a seller to a buyer, to account for damage, defects, or promotions.
Tender
An offer of money or service in payment or performance of an obligation.
- Comprehend the fundamentals of the perfect tender rule and its consequences for purchasers and vendors.
Verified Answer
AH
Learning Objectives
- Comprehend the fundamentals of the perfect tender rule and its consequences for purchasers and vendors.