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jonathan harvey
on Nov 27, 2024

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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.
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AH
ayshaft haqueDec 04, 2024
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