Tennessee Receipt and Acceptance of Partial Delivery of Goods

State:
Multi-State
Control #:
US-02289BG
Format:
Word
Instant download

Description

Under the following form, the buyer admits that the part received is merely an installment of a larger specified quantity. The reference to the larger specified quantity makes the receipt signed by the buyer sufficient as a memorandum under the statute of frauds of the Uniform Commercial Code (??? 2-201) without regard to the fact of delivery and acceptance of the part. It is, therefore, to the advantage of the seller to obtain the execution of such a receipt for the goods whenever possible.

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FAQ

A Notice of Commencement (NOC) is a document that indicates when a construction project will begin. It also lists anyone with a financial interest in the project, including the lender, general contractor(s), and property owner.

TENNESSEE Code Annotated § 66-11-203 mandates that a Prime/General Contractor must serve by registered mail a Contractor's Notice To Owner to the prior to the commencement of the improvement of a property.

Lien claim (Private): Prime contractor - 30 days after Notice of Completion is filed, otherwise not required; Subcontractor - 90 days after last furnishing labor/materials unless Notice of Completion is filed, then 30 days after Notice.

The Notice of Commencement sets out: the first day that construction, improvements or renovations on the property are to begin, relevant information about the contractor, the surety, and the property owner, a description of the work to be performed.

In Tennessee, a notice of completion is a tool afforded to a project owner to help reduce the risk of lien claims on a property. Upon the completion of a project, the owner (or an agent of the owner authorized to do so) may file a notice of completion with the register of deeds.

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Tennessee Receipt and Acceptance of Partial Delivery of Goods