Examlex
The area of a solid wire that is 0.01 inches in diameter is ____________________ mils.
Perfect Tender Rule
A common law rule under which a seller was required to deliver to the buyer goods that conformed perfectly to the requirements stipulated in the sales contract. A tender of nonconforming goods would automatically constitute a breach of contract. Under the Uniform Commercial Code, the rule has been greatly modified.
Conform
To act in accordance or harmony with established standards, rules, or laws.
Contract
A contract is a legally enforceable agreement between two or more parties with mutual obligations.
Commercial Impracticability
A doctrine under which a seller may be excused from performing a contract when (1) a contingency occurs, (2) the contingency’s occurrence makes performance impracticable, and (3) the nonoccurrence of the contingency was a basic assumption on which the contract was made.
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