Illustrate points to remember while Delivery and Payment

Question

Illustrate points to remember while Delivery and Payment?

Answer 1

1. Delivery and payment should occur concurrently.

2. Time of delivery is a condition, but payment is a warranty. Hence, while the buyer may be entitled to discharge the contract if delivery is late, the seller will be entitled to sue for damages only if payment does not occur promptly.

3. Delivery normally occurs at the seller’s place of business.

4. The goods delivered will conform to the contract.