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Notice of Objection Regarding Late Performance in Delivery of Goods...

Florida Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance

Category:

Contracts - Buy Sell - Sale of Goods

State:

Multi-State

Control #:

US-02310BG

Format:

Instant download

Description

Section 2-609(1) of the Uniform Commercial Code provides:

A contract for sale imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of either party the other may in writing demand adequate assurance of due performance and until he receives such assurance may, if commercially reasonable, suspend any performance for which he has not already received the agreed return.

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Florida Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance

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Florida Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance

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