Tennessee Code 47-2-324 – “No arrival, no sale” term
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Under a term “no arrival, no sale” or terms of like meaning, unless otherwise agreed:
Terms Used In Tennessee Code 47-2-324
- Buyer: means a person who buys or contracts to buy goods. See Tennessee Code 47-2-103
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Seller: means a person who sells or contracts to sell goods. See Tennessee Code 47-2-103