California Commercial Code 2301 – The obligation of the seller is to transfer and deliver and that of …
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The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract.
(Enacted by Stats. 1963, Ch. 819.)
Terms Used In California Commercial Code 2301
- 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.