Contract law. Retail sales agreement (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Contract law. Retail sales agreement (most important)

Lecture notes, cheat sheets

Table of contents (expand)

24. RETAIL SALE AGREEMENT

Under a retail purchase and sale agreement, the seller (retailer) undertakes to transfer the item to the buyer for use not related to business activities.

A retail purchase and sale agreement is:

1) consensual;

2) compensated - the basis for the fulfillment of the obligation to transfer the goods is the receipt of counter satisfaction in the form of the purchase price, and vice versa;

3) mutual - the existence of subjective rights and obligations for both parties to the contract of sale;

4) public - concluded by a commercial organization and establishing its obligations for the sale of goods in relation to everyone who applied to it;

5) an accession agreement - the terms of this agreement are established only by one of the parties.

Types of retail purchase and sale agreement:

1) at the place of performance of the contract - sale at the buyer's home and sale at the seller's trading establishment;

2) by the time of transfer of goods - sale by preliminary orders and sale with immediate transfer of goods;

3) according to the method of delivery of goods - sale through vending machines, by self-service, with the buyer being served by the seller's employees;

4) by the term of payment for the goods - with advance payment, with payment on credit or in installments, with immediate payment;

5) for the obligation to deliver the goods - with and without the obligation to deliver the goods.

Seller

▪ only an entrepreneur (individual or collective - commercial organization) engaged in retail sales of goods.

Buyer

▪ a citizen or legal entity if he acquires goods only for their use for purposes not related to business activities.

subject of a contract

▪ things used for household or other consumption not related to business activities.

An essential term of the contract retail purchase and sale is the price.

Contract form:

the contract is considered concluded from the moment the seller issues the buyer a document confirming payment for the goods (cash receipt, sales receipt).

Rights and obligations of the seller:

1) transfer of goods to the buyer:

a) in a certain place;

b) with all accessories and documents;

c) in the agreed quantity and assortment;

d) appropriate completeness and in a set;

e) established quality;

f) free from the rights of third parties;

g) proper packaging or container;

2) provide the buyer with the necessary and reliable information about the product.

Rights and obligations of the buyer:

1) payment for the purchased goods;

2) acceptance of the goods;

3) the right to exchange the purchased goods.

Author: Rezepova V.E.

<< Back: Contract of sale

>> Forward: Contract for the supply of goods

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ General sociology. Lecture notes

▪ Fundamentals of life safety. Crib

▪ Foreign literature of the XX century in brief. Part 1. Cheat sheet

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

The scent of dinosaurs 14.05.2009

Canadian paleontologists have studied on the preserved skulls of different types of dinosaurs the depressions in the bone where the olfactory lobes of the brain were placed.

It turned out that they were the largest in relation to the total volume of the brain in the tyrannosaurus rex. Apparently, this giant predator, who lived 65 million years ago, could detect victims by smell from a great distance.

When they checked the olfactory lobes of the brain of Archeopteryx, the ancestor of birds who lived 150 million years ago, it turned out that he also had a keen sense of smell. Modern birds have almost lost their sense of smell, and it is not known at what stage of evolution and why this happened.

Other interesting news:

▪ Associated gas will burn profitably

▪ FMS6501 Video Switch Matrix

▪ Hear WiFi

▪ Canon Industrial CMOS Sensors with Global Shutter

▪ The moon gradually increases the length of the day on Earth

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ Telephony site section. Article selection

▪ article From here, if you ride for three years, you won’t get to any state. Popular expression

▪ article Why does ice break pipes? Detailed answer

▪ article Compliance of atmospheric pressure with height above sea level and the boiling point of water. Travel Tips

▪ article Symbols for power cables. Encyclopedia of radio electronics and electrical engineering

▪ article How does it work out? Focus secret. Focus secret

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews