Warranties
Prospective Non Performance
Perfect Tender Rule
100

2-313 Express Warranties

1. affirmation of a fact or promise

2. related to the goods

3. the warranty is the basis of the bargain

100

what happens if you guess wrong on an anticipatory repudiation?

you breach

100

2- 601 Perfect Tender Rule

The buyer has the power to reject goods that do not conform with the contract within a reasonable time

200

2-314 Merchantability

the seller is a merchant and the thing will do what most people expect it to do

200
what can you not demand as assurances of performance?

contract modifications

200

2- 606 Acceptance

1. Signifies Acceptance

2. Deemed to accept if you do not reject within a reasonable time

- the time is usually how long it would take you to reject the goods

3. act with the goods in a manner inconsistent with nonperformance

300

2-315 Fitness for a Particular Purpose

1. the buyer is acquiring the goods for a specific purpose

2. the seller reccomends a certain product or good

3. the buyer relies on the seller's recomendations

300

2-609 Anticipatory Breach

1. Definite and unequivocal statement

2. The perofmance that the party said they were not going to get has to substantially impair the value of the contract

300

2 - 508 Cure

1. Absolute: if the seller delivers before the performance is due, the seller has an abolsute right to cure an nonconformities

2. Conditional: if the seller has reason to believe the buyer would take the nonconforming goods

400

2-316 Disclaimer Warranty

1. the buyer takes the entire risk as to the quality of the goods

2. if you have an opportunity to inspect the goods and didn't find a problem, there is no warranty

400

2-610 Right to Adequate Assurance of Performance

1. The party has a reasonable basis for insecutiry about the other party's performance

2. The party provides a written demand for assurance of future performance

3. The party can suspend performance

4. if there is no response within 30 days, it is an anticipatory breach

400

2 - 608 Revocation of Acceptance

1. Non Conformity in the goods

2. the nonconformity substantailly impairs the value of the contract

3. excuse

- seller agreed to fix

- latent nonconformity

- assurances by seller

4. the power of revocation is exercised before there is a substantila change in the value of the goods

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