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Jul 2
Rights of a seller:
1. Right to receive payment: The seller has the right to receive payment for the goods sold as per the agreed terms and conditions.
2. Right to deliver goods: The seller has the right to deliver the goods to the buyer in a timely manner and in accordance with the agreed upon specifications.
3. Right to demand compensation: If the buyer fails to pay for the goods or breaches the terms of the contract, the seller has the right to demand compensation for any losses incurred.
4. Right to inspect goods: The seller has the right to inspect the goods before delivery to ensure that they meet the agreed upon quality standards.
5. Right to cancel the contract: If the buyer fails to fulfill their obligations under the contract, the seller has the right to cancel the contract and seek legal remedies.
Responsibilities of a seller:
1. Responsibility to deliver goods: The seller is responsible for delivering the goods to the buyer in a timely manner and in accordance with the agreed upon specifications.
2. Responsibility to ensure quality: The seller is responsible for ensuring that the goods meet the agreed upon quality standards and are free from defects.
3. Responsibility to provide accurate information: The seller is responsible for providing accurate information about the goods, including their specifications, price, and delivery terms.
4. Responsibility to comply with laws and regulations: The seller is responsible for complying with all relevant laws and regulations governing the sale of goods.
5. Responsibility to resolve disputes: If any disputes arise between the seller and the buyer, the seller is responsible for making a good faith effort to resolve them in a fair and timely manner.
1. Right to receive payment: The seller has the right to receive payment for the goods sold as per the agreed terms and conditions.
2. Right to deliver goods: The seller has the right to deliver the goods to the buyer in a timely manner and in accordance with the agreed upon specifications.
3. Right to demand compensation: If the buyer fails to pay for the goods or breaches the terms of the contract, the seller has the right to demand compensation for any losses incurred.
4. Right to inspect goods: The seller has the right to inspect the goods before delivery to ensure that they meet the agreed upon quality standards.
5. Right to cancel the contract: If the buyer fails to fulfill their obligations under the contract, the seller has the right to cancel the contract and seek legal remedies.
Responsibilities of a seller:
1. Responsibility to deliver goods: The seller is responsible for delivering the goods to the buyer in a timely manner and in accordance with the agreed upon specifications.
2. Responsibility to ensure quality: The seller is responsible for ensuring that the goods meet the agreed upon quality standards and are free from defects.
3. Responsibility to provide accurate information: The seller is responsible for providing accurate information about the goods, including their specifications, price, and delivery terms.
4. Responsibility to comply with laws and regulations: The seller is responsible for complying with all relevant laws and regulations governing the sale of goods.
5. Responsibility to resolve disputes: If any disputes arise between the seller and the buyer, the seller is responsible for making a good faith effort to resolve them in a fair and timely manner.
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Google Gemini AI
Jul 2
Rights of a Seller Against the Goods
- Right to payment: The seller has the right to demand and receive payment from the buyer in exchange for the goods sold.
- Right to possession: Until the goods are paid for, the seller retains possession of the goods and may take steps to recover them if the buyer fails to pay.
- Right of stoppage in transitu: If the buyer becomes insolvent or repudiates the contract while the goods are in transit, the seller can stop the goods and prevent them from being delivered to the buyer.
- Right of resale: If the buyer fails to pay for the goods, the seller may resell the goods to another buyer and recover any loss from the original buyer.
- Right of rescission: In some cases, the seller may have the right to rescind the contract and terminate the sale if the buyer breaches a material provision of the agreement.
Responsibilities of a Seller Against the Goods
- Duty to deliver conforming goods: The seller has a duty to deliver goods that conform to the terms of the contract and any applicable warranties.
- Duty of quiet enjoyment: The seller must ensure that the buyer can use and enjoy the goods without interference from third parties.
- Duty to disclose defects: The seller has a duty to disclose any known defects or problems with the goods to the buyer before they are sold.
- Duty of reasonable care: The seller must exercise reasonable care in handling and storing the goods before delivery.
- Duty to mitigate damages: If the buyer breaches the contract, the seller has a duty to take reasonable steps to mitigate any damages incurred as a result of the breach.
- Right to payment: The seller has the right to demand and receive payment from the buyer in exchange for the goods sold.
- Right to possession: Until the goods are paid for, the seller retains possession of the goods and may take steps to recover them if the buyer fails to pay.
- Right of stoppage in transitu: If the buyer becomes insolvent or repudiates the contract while the goods are in transit, the seller can stop the goods and prevent them from being delivered to the buyer.
- Right of resale: If the buyer fails to pay for the goods, the seller may resell the goods to another buyer and recover any loss from the original buyer.
- Right of rescission: In some cases, the seller may have the right to rescind the contract and terminate the sale if the buyer breaches a material provision of the agreement.
Responsibilities of a Seller Against the Goods
- Duty to deliver conforming goods: The seller has a duty to deliver goods that conform to the terms of the contract and any applicable warranties.
- Duty of quiet enjoyment: The seller must ensure that the buyer can use and enjoy the goods without interference from third parties.
- Duty to disclose defects: The seller has a duty to disclose any known defects or problems with the goods to the buyer before they are sold.
- Duty of reasonable care: The seller must exercise reasonable care in handling and storing the goods before delivery.
- Duty to mitigate damages: If the buyer breaches the contract, the seller has a duty to take reasonable steps to mitigate any damages incurred as a result of the breach.
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