Notice by Seller Regarding Request for Extension of Time to Effect Cure of Improper Tender of Goods
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Where the buyer wrongfully neglects or refuses to accept and pay for the goods, the seller may sue him for damages for non-acceptance. The damages are assessed on the basis of the principles contained in sections 73 and 74 of the Indian Contract Act, 1872.
(1) The seller may stop delivery of goods in the possession of a carrier or other bailee when he discovers the buyer to be insolvent (Section 2-702) and may stop delivery of carload, truckload, planeload or larger shipments of express or freight when the buyer repudiates or fails to make a payment due before delivery
Liquidated Damages. Specific Performance. Preserve Indemnity Obligations. Delivery of Due Diligence Materials. Termination, Return of Deposit and Compensation. Specific Performance.
CancelA Seller may cancel a contract when a buyer has wrongfully rejected acceptance of the goods, failed to make payment due on or before delivery, or repudiated the contract.
(6) Recover Damages: If the seller repudiates a contract or wrongfully refuses to deliver conforming goods, the buyer can sue to recover the difference between the contract price and the fair market price of the goods (at the time that the buyer learned of the breach), plus incidental and consequential damages, less
When the Seller or Lessor Refuses to Deliver the Goods If the seller or lessor refuses to deliver the goods to the buyer or lessee, the basic remedies available to the buyer or lessee include the right to: 1. Cancel (rescind) the contract. 2. Obtain goods that have been paid for if the seller or lessor is insolvent.
(2) Revocation of acceptance must occur within a reasonable time after the buyer discovers or should have discovered the ground for it and before any substantial change in condition of the goods which is not caused by their own defects. It is not effective until the buyer notifies the sellerof it.
1. Suit for Damages for Non-Delivery- When the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue the seller for damages for non-delivery. This is in addition to the buyer's right to recover the price, if already paid, in case of non-delivery.
Whoever makes an offer can revoke it as long as it hasn't yet been accepted. This means that if you make an offer and the other party wants some time to think it through, or makes a counteroffer with changed terms, you can revoke your original offer.
