Question

Pebble Leasing Corporation and Quarry Rock & Gravel Company enter into a lease of three excavators. Under the perfect tender rule, Pebble Leasing must ship or tender goods to Quarry Rock & Gravel that, with respect to the contract description, conform:___________.

A) to the best of Pebble's ability under the circumstances

B) reasonably.

C) in every way.

D) substantially.

Answer 1

C. In everyway

Step-by-step explanation:

In a leasing contract agreement, a buyer may insist that the product being sold conform in everyway with the product specification such as quantity and quality as contained in the terms of contract agreement. This is called perfect tender rule. It is the legal right of buyers for product purchase conformity which otherwise could also be rejected by the buyer.

The rule basically tends to protect the buyer in a leasing contract agreement. A buyer has the right to either accept, reject part or full shipment of goods if they fail to conform with the required specifications as stated in the terms of contract.