Business Law Chapter 21

By cooldude6516, May 2012

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Good faith	honesty in fact
Waiver	presumption is that failure to object to a breach “waives” your right to complain later
Tender	making the goods available to the buyer, means at reasonable hours and for a reasonable amount of time
Shipment( reasonable contract)	case the Seller must surrender the goods to a common carrier
COD	cash on delivery
Acceptance	after inspection either indication of willingness to take goods or failure to reject
Reject	notify the seller and identify the defect causing the rejection
Commercial unit	any unit treated by commercial usage as a single whole
Revoke	undo the acceptance
Assurance	one party has reason to believe the other party will fail to perform

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