What are the main obligations of the buyer and seller?

2.2. 3. Common Obligations of the Seller and the Buyer
  • Expenses of a contract of sale;
  • Expenses of payment;
  • Any expense arising after delivery;
  • Expenses of transport where the thing sold has to be sent to another place than the place of delivery and if the delivery is not to be carriage free;

What is the basic obligation of a buyer in a sales of goods contract?

A buyer’s basic obligations are to accept the goods and pay the sale price. If the goods are nonconforming, the buyer may reject the goods.

What is seller obligation?

Generally, the seller’s primary obligations are to transfer ownership of the goods and deliver the goods. A seller may agree with the buyer to perform other obligations. The buyer and seller may agree to a shipment contract, in which case the seller must arrange for the transportation. …

What are the obligations of the seller under CISG?

a. Article 35 governs the seller’s obligations as to the quantity, quality, description and packaging of the goods – particularly crucial matters – and looks fundamentally to the parties’ agreement to define those obligations (Article 35(1)).

What is obligation under the Civil Code?

According to the Civil Code, under an obligation one person (debtor) is obliged to perform a certain action in favor of another person (creditor), such as paying money, transferring property, performing work, rendering services, etc., or evading a certain action, and the creditor has the right to demand that the debtor …

What are the obligations of seller under CISG 1980?

Obligations of the sellers include delivering goods in conformity with the quantity and quality stipulated in the contract, as well as related documents, and transferring the property in the goods. Obligations of the buyer include payment of the price and taking delivery of the goods.