Seller’s obligation to carry the goods to the buyer and the buyer’s obligation to pay the purchase price In the category Buying and selling Many people are interested in knowledge and learning about many subjects, this knowledge may be vital at some point in your life, attention enough, and dive into more detail more articles and learn more information about Seller’s obligation to carry the goods to the buyer and the buyer’s obligation to pay the purchase price.
The sales contract is bilateral, due to all of the parties to this agreement (buyer and seller) have an obligation to the interest of the other party, the debtor is the last thing I wanted to do in her favour, and at the same time the creditor has the right to demand it. Moreover, two important duties counter sales contract and equally: the seller’s obligation to carry the goods to the buyer and the buyer’s obligation to pay the purchase price, mutually define each other and are essentially equivalent. So, the sales contract of mutually binding contracts.
Nature of the contract of sale to the buyer side in all cases (except the sales contract with payment) reciprocal performance lies to fulfil their commitments, the buyer paid for the goods can be attributed to the seller’s performance of its obligations to transfer the goods to the buyer. In other words, should not serve the buyer pay for the goods by the seller to perform its obligations to transfer the goods to the buyer. If the contract of sale if payment for the goods from the buyer, the seller coming performances could lead to failure to fulfil their obligations with regard to transport goods pending the receipt of the buyer arising from this prepayment.
Legal consequences of acceptance by seller or buyer respectively the topic coming to fulfil the obligations that in case of failure caused by the Party bound by contract or performance conditions clearly indicate that such performance will be issued within the time limit prescribed, the subject of oncoming performance suspension of performance of its obligation or withdraw from the contract and claim compensation.
In cases where the seller or the buyer may not be recognized as the implementation topics coming in the opposite direction, the character of the contract of sale is reflected in the fact that all of them additional rights in relation to the counterparty, who has fulfilled its obligations. For example, when selling goods on credit from the moment of transfer of the goods to the buyer and payment of final product recognizes individuals in the mortgage from the seller to ensure performance by the buyer of its obligations to pay for goods.
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