Introduction
Seller must transfer and deliver
conforming goods.
Buyer must accept and pay for
conforming goods.
In the absence of an agreement
between Seller and Buyer, UCC Article 2 controls as set out below.
Good
Faith Requirement
Good Faith is the foundation of
every UCC commercial contract.
Good faith means honesty in fact.
For a merchant, it means honesty
in fact and observance of reasonable commercial standards of fair dealing in
the trade. Merchants are held to a higher standard of care than non-merchants.
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