1 what is the perfect tender rule and what are some, Ask an Expert

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1. What is the perfect tender rule and what are some important exceptions to this rule that apply to sales and lease contracts? Please give real-world example

2. What remedies are available to a seller or lessor when the buyer or lessee breaches the contract? In answering this question, please define seller, lessor, buyer, and lessee

3. When does the risk of loss for goods pass from the seller to the buyer and when can the buyer and/or the seller have an insurable interest?

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