Final answer:
A seller can generally cure an imperfect tender if within the contract time; if not, they likely cannot cure after performance time has passed.
Sellers can reassure buyers faced with imperfect information by offering warranties, quality guarantees, and transparency. Similar strategies apply to job seekers when reassuring potential employers.
Step-by-step explanation:
When a seller finds themself in a situation of imperfect tender, there are certain circumstances where they can and cannot cure the imperfection.
Generally, a seller can cure an imperfect tender if they do so within the contract time for performance. For example, if the goods delivered are not what was specified in the contract, the seller may have the opportunity to provide the correct goods.
However, if the time of performance has passed and the buyer has relied upon the original deadline, then the seller may not have the opportunity to cure.
Imperfect information can complicate transactions as it may lead to disagreements over the value of goods or services. To reassure a possible buyer, a seller might offer warranties, provide quality guarantees, or establish a record of transparency and trust.
For a seller of labor seeking to reassure a potential employer, they might present certifications, references, or detailed examples of past work.
Overall, the existence of imperfect information can introduce difficulties in establishing a fair price for goods and services, but there are strategies both sellers of goods and labor can employ to create assurance and facilitate a successful transaction.