Level 21
Level 23
12 words 0 ignored
Ready to learn
Ready to review
Ignore words
Check the boxes below to ignore/unignore words, then click save at the bottom. Ignored words will never appear in any learning session.
Ignore?
Output contract
A contract in which the buyer agrees to buy and the seller agrees to sell all of a kind of goods that the seller produces.
Perfect tender rule
A rule that permits a buyer to reject goods if they fail to conform to the contract in any respect.
Puffery
The practice of making exaggerated claims for promotional purposes.
Requirements contract
A contract in which the seller agrees to sell and the buyer agrees to buy all of the kinds of goods that the buyer requires.
Risk of loss
The risk of liability for loss of or damage to goods after they have been sold.
Sale
The passing of ownership rights from the seller to the buyer for a price.
Sales contract
A contract for the sale of goods.
Shipment contract
A contract for goods in which the sellers bears the risk of loss from damage only until they are brought to the place of shipment.
Tangible property
Property that has physical existence and that can be touched or seen.
Tender of delivery
When the seller makes conforming goods available and gives notice that enables the buyer to take delivery.
Title
Evidence of ownership rights.
Uniform Commercial Code (UCC)
A uniform act promulgated to harmonize the law of sales and commercial transactions across the United States through adoption by all 50 states.
