2.507 – EFFECT OF SELLER'S TENDER; DELIVERY ON CONDITION.
Texas Business and Commerce Code § 2.507
Summary
This law establishes that a seller's delivery of goods is a prerequisite for the buyer's obligation to accept and pay for those goods. If the seller fulfills their delivery duty, they are entitled to payment as per the contract terms, while the buyer's rights to the goods depend on their payment.
Seller's delivery is required for buyer's acceptance and payment.
Buyer must pay to retain or dispose of delivered goods.
Contract terms dictate seller's entitlement to payment.
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In simple terms: Learn about Texas's EFFECT OF SELLER'S TENDER; DELIVERY ON CONDITION. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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