Section 2-501 – Insurable Interest in Goods; Manner of Identification of Goods
(1) The buyer obtains a special property and an insurable interest in goods by identification of existing goods as goods to which the contract refers even though the goods so identified are nonconforming and he has an option to return or reject them. Such identification can be made at any time and in any manner explicitly […]
Section 2-317 – Cumulation and Conflict of Warranties Express or Implied
Warranties whether express or implied shall be construed as consistent with each other and as cumulative, but if such construction is unreasonable the intention of the parties shall determine which warranty is dominant. In ascertaining that intention the following rules apply: (a) Exact or technical specifications displace an inconsistent sample or model or general language of […]
Section 2-502 – Buyer’s Right to Goods on Seller’s Insolvency
(1) Subject to subsections (2) and (3) and even though the goods have not been shipped a buyer who has paid a part or all of the price of goods in which he has a special property under the provisions of the immediately preceding section may on making and keeping good a tender of any unpaid […]
Section 2-318 – Third Party Beneficiaries of Warranties Express or Implied
A seller’s warranty whether express or implied extends to any natural person who is in the family or household of his buyer or who is a guest in his home or any other ultimate consumer or user of the goods or person affected thereby if it is reasonable to expect that such person may use, […]
Section 2-503 – Manner of Seller’s Tender of Delivery
(1) Tender of delivery requires that the seller put and hold conforming goods at the buyer’s disposition and give the buyer any notification reasonably necessary to enable him to take delivery. The manner, time and place for tender are determined by the agreement and this title, and in particular (a) Tender must be at a reasonable hour, […]
Section 2-319 – f.o.b. and f.a.s. Terms
(1) Unless otherwise agreed the term F. O. B. (which means “free on board”) at a named place, even though used only in connection with the stated price, is a delivery term under which (a) When the term is F. O. B. the place of shipment, the seller must at that place ship the goods in the […]
Section 2-320 – c.i.f. and C. & F. Terms
(1) The term C. I. F. means that the price includes in a lump sum the cost of the goods and the insurance and freight to the named destination. The term C. & F. or C. F. means that the price so includes cost and freight to the named destination. (2) Unless otherwise agreed and even though […]
Section 2-321 – c.i.f. or C. & f.; “Net Landed Weights”; “Payment on Arrival”; Warranty of Condition on Arrival
Under a contract containing a term C. I. F. or C. & F. (1) Where the price is based on or is to be adjusted according to “net landed weights,” “delivered weights,” “out turn” quantity or quality or the like, unless otherwise agreed the seller must reasonably estimate the price. The payment due on tender of […]
Section 2-322 – Delivery “Ex-Ship”
(1) Unless otherwise agreed a term for delivery of goods “ex-ship” (which means from the carrying vessel) or in equivalent language is not restricted to a particular ship and requires delivery from a ship which has reached a place at the named port of destination where goods of the kind are usually discharged. (2) Under such a […]
Section 2-323 – Form of Bill of Lading Required in Overseas Shipment; “Overseas”
(1) Where the contract contemplates overseas shipment and contains a term C. I. F. or C. & F. or F. O. B. vessel, the seller unless otherwise agreed must obtain a negotiable bill of lading stating that the goods have been loaded on board or, in the case of a term C. I. F. or C. […]