Please Define the Following Key Terms

question 80

Short Answer

Please define the following key terms.
- Free French

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Definitions:

FAS

An abbreviation for the expression free alongside ship.

Immediate Payment

A demand for payment to be made at once, typically in a transaction, without any delay or installment arrangements.

UCC 9-307

A provision under the Uniform Commercial Code that deals with a buyer's rights in goods purchased from a seller who does not have clear title, subject to certain conditions.

Good Faith Purchaser

An individual who buys property without knowledge of any existing claims, disputes, or faults of the property, thereby obtaining legal ownership.