Define These Terms: Usage of Trade; Course of Dealing; and Course

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The Answer is Usage of trade is any practice that members of an industry expect to be part of their dealings.Course of dealing refers to previous commercial transactions between the same two parties.Course of performance refers to the history of dealings between the parties in the same contract and thus assumes that it is the kind of contract demanding an on-going relationship.These terms present three circumstances where the tender may not be perfect in a strict sense.In other words,the buyer may not be able to reject minor flaws if the tender is perfect according to industry standards,or prior contracts between the same parties,or based on a history of dealings between the parties in the same contract.

Define These Terms: Usage of Trade; Course of Dealing; and Course

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