Final answer:
When the seller doesn't offer Perfect Tender, the buyer can accept the goods, reject the shipment, or accept some and reject the rest.
To address imperfect information, sellers can provide warranties, detailed descriptions, and customer testimonials; job seekers can offer certifications and references.
Step-by-step explanation:
When a seller does not provide Perfect Tender, which means the goods or services delivered are not exactly what was specified in the contract, a buyer generally has three options to consider. The first option is to accept the goods, despite the imperfections.
The second option is to reject the entire shipment and request a refund or demand redelivery of conforming goods. Lastly, the buyer has the option to accept part and reject part of the goods; this is known as acceptance of a commercial unit. Each choice depends on the nature of the defect and the potential impact on the buyer's needs and business operations.
Concerning the issue of imperfect information, which refers to a situation where either the seller or buyer has less information than the other, thereby affecting their ability to make well-informed decisions, there are a few strategies a seller might employ.
For instance, the seller can provide warranties or guarantees, offer detailed product descriptions, and share customer testimonials to build trust and close the information gap with the buyer. In the labor market, a job seeker, who is the seller of labor, might present certifications, references, and a well-documented work history to reassure potential employers about their capabilities and reliability.