Asked by Patrick Pedersen on Apr 27, 2024
Verified
To be in a position to bring suit on a sales contract,the seller of goods must make tender of payment.
Bring Suit
This phrase means to initiate legal proceedings against an individual or entity, typically involving filing a lawsuit in a court of law.
Sales Contract
A legally binding agreement between a buyer and a seller detailing the terms of sale of goods or services, including price, delivery, and quality specifications.
Tender of Payment
An offer to pay a debt or obligation by providing money or goods to the owed party.
- Apprehend the role played by the tender of payment and delivery in the finalization of sales contracts.
Verified Answer
Learning Objectives
- Apprehend the role played by the tender of payment and delivery in the finalization of sales contracts.
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