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Paramjas Singh
on Nov 27, 2024

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When the parties to a contract for a sale of goods do not specify a payment term, and the parties are unaware of the UCC's rules, those rules do not apply.

Payment Term

The conditions under which a seller will complete a sale, often specifying the period allowed to a buyer to pay off the amount due.

Unaware

The state of being ignorant of or not informed about something.

  • Attain an understanding of the ambit and application of the Uniform Commercial Code (UCC) in the control of sales and leases of goods.
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SG
Shenn GarciaDec 01, 2024
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