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https://www.shippingsolutions.com/blog/terms-of-trade-uniform-commercial-code-and-incoterms-2020
Mar 27, 2017 · Common Terms of Sale for U.S. Domestic Transactions. FOB Origin; FOB Origin, Freight Collect; FOB Origin, Freight Prepaid; FOB Origin, Freight Prepaid & Charged Back or FOB Origin, Freight Prepaid & Add; FOB Destination; FOB Destination, Freight Collect; FOB …
https://www.law.cornell.edu/ucc/2/2-503
(b) tender to the buyer of a non-negotiable document of title or of a written direction to the bailee to deliver is sufficient tender unless the buyer seasonably objects, and receipt by the bailee of notification of the buyer's rights fixes those rights as against the bailee and all third persons; but risk of loss of the goods and of any failure by the bailee to honor the non-negotiable document of title or to obey the …
https://www.law.cornell.edu/ucc/2/2-319
(4) Under the term F.O.B. vessel or F.A.S. unless otherwise agreed the buyer must make payment against tender of the required documents and the seller may not tender nor the buyer demand delivery of the goods in substitution for the documents.
http://purchasingnegotiationtraining.com/supplier-contract-management/meaning-of-freight-terms-specified-in-the-uniform-commercial-code-ucc/
The most common terms are: Free on Board (FOB) place of shipment or shipment contract. Free on Board (FOB) place of destination or destination contract. Free on Board (FOB) vessel, car, or other vehicle. Free Along Side (FAS) vessel (watercraft)
https://www.investopedia.com/terms/u/uniform-commercial-code.asp
Nov 21, 2019 · Uniform Commercial Code (UCC) laws regulate sales of personal property and various other transactions. If you’ve ever purchased a business or a vehicle in the past, chances are you signed a UCC-1 statement. The title remains in the lender’s possession until the loan is paid off.Author: Daniel Liberto
https://www.nolo.com/legal-encyclopedia/sellers-performance-under-the-ucc.html
Tender means, in essence, the delivery of goods to the buyer, and perfect tender means delivering goods that precisely meet the terms of the contract. According to the UCC, if the goods as tendered “fail in any respect to conform to the contract,” the buyer has various options, including rejecting the goods.
https://www.incotermsexplained.com/the-incoterms-rules/the-us-view/
First published in 1952, UCC covers many aspects of commercial contracts. It contains “shipment and delivery” provisions that have similar aims to those of the Incoterms rules. Some UCC expressions have the same three-letter abbreviations as those within the Incoterms system; but their definitions …
https://quizlet.com/344632551/business-law-unit-3-flash-cards/
According to the Uniform Commercial Code, a delay in delivery or non-delivery, in whole or in part, is not a breach in circumstances in which performance has been made _____ because a contingency has occurred that was not contemplated when the parties reached the agreement.
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