Sales Agreement

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SALES AGREEMENT THIS SALES AGREEMENT (the “Agreement”) dated this _1st_ day of April 2014 between: Brenda’s Widgets Inc. (BWI) of 123 Main St., Podunk, Iowa 48158 (the ‘Seller’) -AND- Jim’s Hardware Store (JHS) of 456 First St., Secondville, Michigan 49454 (the ‘Purchaser’) IN CONSIDERATION OF THE COVENANTS and agreements contained in this Sales Agreement, the parties agree as follows: SALES OF GOODS 1. The Seller will sell, transfer and deliver to the Purchaser on or before May 30, 2014, the following good (the ‘Goods’): 10,000 widgets. Purchase Price 2. $5.00 per widget. The Purchaser will accept the Goods and pay for the goods with the sum of Fifty Thousand Dollars ($50,000) USD, paid…show more content…
U.C.C. - ARTICLE 2 - SALES (2002) › PART 3. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT › § 2-314. Implied Warranty: Merchantability; Whereas the seller warranties Goods, including but not limited to, any implied warranty of merchantability or fitness for a particular purpose. Purchaser does not assume, or authorize any other person to assume on behalf of Seller, any liability in connection with the sale of Goods. Seller’s warranties do not, in any way, affect the terms of any applicable warranties from the manufacturer of the Goods. Title 7. Title of the Goods will remain with the Seller until delivery and actual receipt of the Goods by the Purchaser or, in the alternative, the Seller delivers a document of title or registrable Bill of Sale of the Goods, bearing any necessary endorsement, to the Purchaser. Security Interest 8. The Seller retains a security interest in the Goods until paid in full. Inspection and Acceptance 9. Inspection of the Goods will be made by the Purchaser at the place of delivery. Purchaser shall have 15 calendar days from date of delivery to inspect the goods and notify Seller of any defective goods. In the event the Purchaser is not satisfied with the condition of the goods, the Purchaser shall notify the Seller in writing within 10 days. Once the Purchaser notifies the Seller about the defective goods, the Purchaser will return the defective goods via the Purchaser carrier at the expense of the Seller within
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