The obligation of a seller to transfer and deliver goods to the buyer or lessee in accordance with a sales or lease contract is defined as ________.

Question

Quizplus · Accepted Answer

The obligation of a seller to transfer and deliver goods to the buyer or lessee in accordance with a sales or lease contract is referred to as "tender of delivery." Tender of delivery entails the seller's obligation to make the goods accessible to the purchaser or lessee and to provide any necessary documentation, such as a bill of lading or a delivery order. The purchaser or lessee is then obligated to accept the delivery and pay for the goods unless there is a valid reason for rejection.

The Obligation of a Seller to Transfer and Deliver Goods