WEEK 13 BUSL18.docx - 100% 50/50 Week 13 1. The principle...

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100%50/50Week 131.The principle of good faith applies to both parties to a sales contract.
2.Under the UCC, if a contract does not designate the place of delivery for the goods, the place ofdelivery is a location halfway between the seller’s place of business and the buyer’s place ofbusiness.
3.A shipment contract requires a seller to ship goods by a carrier.
4.If goods in every respect conform to a contract, the buyer or lessee does not have a right to rejectthe goods
5.If goods identified to a contract are destroyed through no fault of either party, both parties areexcused from performance.
6.If a lessee breaches a contract, the lessor can cancel the contract.
7.If either the goods or their tender fails to conform to the contract in any respect, the buyer orlessee must reject all of the goods
8.Revocation of acceptance is effective on notice to the seller or lessor.
9.Natural Eggs, Inc. agrees to supply Omelet Express with five hundred eggs. Natural Eggs cannotreasonably ask Omelet Express to pick up the eggs at2:00 a.m10.Clear View Company, which is based in Delaware, agrees to sell fifty windows, currently storedin Florida, to Far Sight, Inc., which is based in Hawaii. Absent an agreement to the contrary, theplace of delivery is inFlorida.11.Precise Parts, Inc., and Quality Auto stores enter into a contract for a sale of auto parts that meetcertain specifications. Precise Parts ships goods that do not comply. Quality Autocan reject the entire shipment
12.Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for alease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to thelessee thatconform to the contract description in every way13.Daily Bread Bakeries, Inc., contracts to buy all of its ingredient requirements for bread making, ata certain minimum per year, from Enriched Flour & Grain Corporation for six years. After threeyears, Daily Bread tells Enriched that it plans to sell its assets to Flat Bread Shops, Inc. Flat Breadrefuses to assure Enriched that it will continue Daily Bread’s contract.

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Term
Fall
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N/A
Tags
Mtsac, BUSL18

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