§ 47-2-301 General obligation of parties
§ 47-2-302 Unconscionable contract or clause
§ 47-2-303 Allocation or division of risks
§ 47-2-304 Price payable in money, goods, realty, or otherwise
§ 47-2-305 Open price term
§ 47-2-306 Output, requirements and exclusive dealings
§ 47-2-307 Delivery in single lot or several lots
§ 47-2-308 Absence of specified place for delivery
§ 47-2-309 Absence of specific time provisions – Notice of termination
§ 47-2-310 Open time for payment or running of credit – Authority to ship under reservation
§ 47-2-311 Options and cooperation respecting performance
§ 47-2-312 Warranty of title and against infringement – Buyer’s obligation against infringement
§ 47-2-313 Express warranties by affirmation, promise, description, sample
§ 47-2-314 Implied warranty – Merchantability – Usage of trade
§ 47-2-315 Implied warranty – Fitness for particular purpose – Exception for certain livestock
§ 47-2-316 Exclusion or modification of warranties
§ 47-2-317 Cumulation and conflict of warranties express or implied
§ 47-2-318 Third party beneficiaries of warranties express or implied
§ 47-2-319 O.B. and F.A.S. terms
§ 47-2-320 I.F. and C. & F. terms
§ 47-2-321 I.F. or C. & F. – “Net landed weights” – “Payment on arrival” – Warranty of condition on arrival
§ 47-2-322 Delivery “ex-ship.”
§ 47-2-323 Form of bill of lading required in overseas shipment – “Overseas.”
§ 47-2-324 “No arrival, no sale” term
§ 47-2-325 “Letter of credit” term – “Confirmed credit.”
§ 47-2-326 Sale on approval and sale or return – Consignment sales and rights of creditors
§ 47-2-327 Special incidents of sale on approval and sale or return
§ 47-2-328 Sale by auction
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Terms Used In Tennessee Code > Title 47 > Chapter 2 > Part 3 - General Obligation and Construction of Contract

  • 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.
  • Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See Tennessee Code 47-2-106
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Seller: means a person who sells or contracts to sell goods. See Tennessee Code 47-2-103
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.