Iowa Code 554.2324 – “No arrival, no sale” term
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Terms Used In Iowa Code 554.2324
- 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.
554.2324 “”No arrival, no sale”” term.
Under a term “”no arrival, no sale”” or terms of like meaning, unless otherwise agreed,
1. the seller must properly ship conforming goods and if they arrive by any means the seller must tender them on arrival but the seller assumes no obligation that the goods will arrive unless the seller has caused the nonarrival; and
2. where without fault of the seller the goods are in part lost or have so deteriorated as no longer to conform to the contract or arrive after the contract time, the buyer may proceed as if there had been casualty to identified goods (section 554.2613).
[C66, 71, 73, 75, 77, 79, 81, §554.2324]
2009 Acts, ch 41, §263
Referred to in §554.2613
Under a term “”no arrival, no sale”” or terms of like meaning, unless otherwise agreed,
1. the seller must properly ship conforming goods and if they arrive by any means the seller must tender them on arrival but the seller assumes no obligation that the goods will arrive unless the seller has caused the nonarrival; and
2. where without fault of the seller the goods are in part lost or have so deteriorated as no longer to conform to the contract or arrive after the contract time, the buyer may proceed as if there had been casualty to identified goods (section 554.2613).
[C66, 71, 73, 75, 77, 79, 81, §554.2324]
2009 Acts, ch 41, §263
Referred to in §554.2613