2. Ensure adequacy for a specific purpose: if the seller knows or must know that (1) the buyer intends to use the goods for specific purposes and (2) the buyer relies on the seller`s ability or judgment to choose the appropriate merchandise, a tacit guarantee that the goods correspond to that purpose when it is produced. An example is an owner who buys paint to paint a house. If the seller recommends a certain color, but this color is not suitable for painting houses, then the seller has violated this tacit guarantee of fitness for a particular purpose. CONSIDERING that the buyer is a distributor and that he went to the seller and asked him to sell the goods at the price of -unit/kilo. Implicit guarantees: An implicit guarantee is an unwritten promise that the purchased product will meet a minimum quality level. These are essentially automatic guarantees that buyers receive when they buy goods from a merchant. There are two unspoken safeguards that flow from the UCC. While a sales contract and sales invoice have similar purposes, a sales contract offers a more detailed payment schedule and guarantees for the item.
It also gives both parties more flexibility before the agreement is concluded by providing conditions to secure the goods before they are purchased. 7.1 The seller guarantees that at the time of the signing of the agreement, the seller has the right and property to sell the goods and that the seller does not know and has no reason to know of the existence of an unpaid property or a right that is hostile to the seller`s rights over the goods. The deposit is a certain amount of money that a buyer gives to a seller as collateral that he follows during the transaction. If the buyer decides to buy, the down payment goes to the purchase price. The down payment can be repaid or not repaid, which means that the down payment is either refunded to the buyer or retained by the seller if the agreement is not made. 3.2 The goods must be properly packaged and delivered to the buyer without damage. The buyer must be able to easily identify all the goods. 3. The seller must enter into an agreement with the master of the ship for the transport and delivery of these goods in the Indian port. 6.
After shipping these goods, the seller must send to his banker in the Indian port all the necessary documents, including a transport contract, an insurance policy, an invoice, etc. A seller can deliver the goods and later charge the buyer for the payment. Create a custom invoice. 3.1 Delivery of the goods to the buyer by the Seller is made on or date. For certain sales contracts, i.e. those entered into a location that is NOT the seller`s permanent head office, the buyer has the legal right to terminate the contract until midnight on the third business day following the sale.