Examlex
A negotiated transfer price should be used when an outside market for the goods does not exist.
Nonconforming
Refers to goods that fail to meet the specifications or requirements set forth in a contract.
Perfect Tender Rule
A legal principle requiring sellers to deliver goods to buyers exactly as specified in their contract, with no deviations.
Course of Performance
A legal concept referring to the conduct between parties in the execution of a contract, helping to interpret or modify the contract's terms.
Late Delivery
The failure to transport or send goods to the designated recipient within the agreed timeframe.
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