Exam 14: Performance and Breach of Sales and Lease Contracts

Under the UCC, if a contract does not designate the place of delivery for the goods, the place of delivery is a location halfway between the seller's place of business and the buyer's place of business.

Unless otherwise agreed, inspection of goods can take place at any reasonable place and time and in any reasonable manner.

Until the time for performance under a contract expires, the seller has a right to cure.

An installment contract is a single contract that requires or authorizes delivery in two or more separate lots to be paid for in one payment.

If a buyer breaches a contract, the seller can choose to simply cancel the contract.

Fuel Connector Products, Inc., agrees to sell Go-Flo, Inc., a certain quantity of hose couplings and fittings, but the contract does not specify a place of delivery. Go-Flo is expected to pick up the goods. The place of delivery is

Refined Mills orders "Grade A" oats from Sweet Valley Farm to grind and sell to Town Co-op Grocery. Sweet Valley ships "Grade B" grain, which Refined Mills accepts. To recover damages for the nonconformity, Refined Mills must give notice of the breach within a reasonable time to

Owen and Pablo enter into a contract for a sale of irrigation equipment. Pablo pays, but Owen does not deliver. Pablo can normally recover as damages the difference between

The seller's right to cure does not affect the right of the buyer or lessee to reject goods.

If a buyer repudiates a contract, the seller can bring an action to recover damages.

In the absence of any specific agreements, the buyer or lessee must make payment after receipt of the goods.

TackMaker, Inc., and Silver Stallion Stables enter into a contract for a sale of bridles, saddlery, and other equine equipment. TackMaker delivers, but Silver Stallion does not pay. TackMaker can normally recover as damages