Question

When is the vendor not bound to deliver the thing sold?

A) When there's a change in the market price
B) When the buyer fails to pay for the item
C) If the buyer is dissatisfied with the product
D) When the seller finds a better price for the item

Answer 1

The vendor is not bound to deliver the thing sold when the buyer fails to pay for the item, as it constitutes a breach of contract. Market fluctuations and buyer dissatisfaction do not constitute valid reasons for a vendor to refuse delivery once a sales contract has been made.

Step-by-step explanation:

In the context of sales and contract law, the vendor is not bound to deliver the thing sold when the buyer fails to pay for the item. This is typically a breach of the sales contract, and the seller may then have the right to withhold the goods until payment is secured. Market fluctuations (such as changes in the market price or the seller finding a better price), as well as the buyer's dissatisfaction with the product, are generally not valid reasons for a vendor to refuse delivery once a contract of sale is made. Delivery of goods as agreed upon in a contract is a legal obligation, regardless of external market conditions or a change of mind by the parties.