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https://www.law.cornell.edu/ucc/2/2-319
§ 2-319. F.O.B. and F.A.S. Terms. (1)Unless otherwise agreed the term F.O.B. (which means "free on board") at a named place, even though used only in connection with the stated price, is a delivery term …
https://www.shippingsolutions.com/blog/terms-of-trade-uniform-commercial-code-and-incoterms-2020
Mar 27, 2017 · The definition of these terms, as well as a few others, derive from a combination of (1) the provisi ons of the Uniform Commercial Code, Article 2 (the UCC), (2) the National Motor Freight Classification (NMFC), and (3) industry usage.
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
http://purchasingnegotiationtraining.com/supplier-contract-management/meaning-of-freight-terms-specified-in-the-uniform-commercial-code-ucc/
First, understand that, delivery according to the UCC, is an intangible concept. Delivery occurs when and where the seller voluntarily transfers effective ownership of goods to the buyer. Once delivered, the rights of ownership and risk of loss rests with the buyer.
https://www.law.cornell.edu/ucc/2/2-504
§ 2-504. Shipment by Seller. (c) promptly notify the buyer of the shipment. Failure to notify the buyer under paragraph (c) or to make a proper contractunder paragraph (a) is a ground for rejection only if material delay or loss ensues.
https://www.law.cornell.edu/ucc/2/2-503
(1) Tender of delivery requires that the seller put and hold conforming goods at the buyer's disposition and give the buyer any notification reasonably necessary to ...
https://www.incotermsexplained.com/the-incoterms-rules/the-us-view/
Trade practitioners in the U.S. will be aware that the terms FOB, CIF and so on are defined within the United States federal Uniform Commercial Code (UCC). 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.
https://www.law.cornell.edu/ucc/2/2-305
(c) the price is to be fixed in terms of some agreed market or other standard as set or recorded by a third person or agency and it is not so set or recorded. (2) A price to be fixed by the seller or by the buyer means a price for him to fix in good faith .
https://www.law.cornell.edu/ucc/1/1-201
(12) "Contract", as distinguished from "agreement", means the total legal obligation that results from the parties' agreement as determined by the Uniform Commercial Code …
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