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perfect tender


  as an issue of Obligation (read more...)

perfect tender, defined:

from the Uniform Commercial Code (UCC), perfect tender is a buyer's right to complete performance according to the terms of a contract. The rule of perfect tender applies primarily to merchant-to-merchant agreements as defined by the UCC. In simple terms, perfect tender means that you are entitled to get exactly that for which you bargained.

perfect tender, as it might be used:

The rule of perfect tender gives the buyer certain rights.
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