The Perfect-Tender Rule and the Right to Cure
Learn about the rule that, to avoid being held in breach, the seller must perform every contractual obligation perfectly, but in appropriate circumstances, the seller may have a chance to set things right before incurring liability for breach.
Transcript
Under Article 2, the seller’s basic obligation is to tender goods to the buyer, and the buyer’s duty is to accept and pay for the goods, provided they conform to the contract.
If the goods or the delivery don’t conform to the contract in every respect, the seller may be liable for breach of contract. This principle is known as the perfect-tender rule.
I. Perfect-Tender Rule
Article 2’s perfect-tender rule rejects the common-law doctrine of substantial performance. Under the common law, a party...