PocketLaw | Pennsylvania Consolidated Statutes | General Obligation

General Obligation and Construction of Contract

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General obligations of parties

Unconscionable contract or clause

Allocation or division of risks

Price payable in money, goods, realty or otherwise

Open price term

Output, requirements and exclusive dealings

Delivery in single lot or several lots

Absence of specified place for delivery

Absence of specific time provisions; notice of termination

Open time for payment or running of credit; authority to ship under reservation

Options and cooperation respecting performance

Warranty of title and against infringement; obligation of buyer against infringement

Express warranties by affirmation, promise, description or sample

Implied warranty: merchantability; usage of trade

Implied warranty: fitness for particular purpose

Exclusion or modification of warranties

Cumulation and conflict of warranties express or implied

Third party beneficiaries of warranties express or implied

F.O.B. and F.A.S. terms

C.I.F. and C. & F. terms

C.I.F. or C. & F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival

Delivery "ex-ship."

Form of bill of lading required in overseas shipment; "overseas."

"No arrival, no sale" term

"Letter of credit" term; "confirmed credit."

Sale on approval and sale or return; rights of creditors

Special incidents of sale on approval and sale or return

Sale by auction

Chapter Notes