Term
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Definition
| goods that conform to the contract description in every way. |
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Term
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Definition
| in certain situations, buyers and lessees can protect themselves by buying or leasing substitute goods for those that were due under the contract. |
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Term
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Definition
| under the common law the seller was obligated to deliver goods that conformed with the terms of the contract in every detail. |
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Term
| Installment contract (440) |
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Definition
| a single contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately. |
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Term
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Definition
| frequently used to facilitate international business transactions. |
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Term
| Perfect tender rule (439) |
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Definition
| under the common law, the seller was obligated to deliver goods that conformed with the terms of the contract in every detail. |
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Term
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Definition
| an act to recover identified goods in the hands of a party who is unlawfully withholding them. |
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Term
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Definition
| occurs when the seller or lessor makes conforming goods available to the buyer or lessor and gives the buyer or lessee whatever notification is reasonably necessary to enable the buyer or lessee to take delivery. |
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