Question

If a payment term is left out of an Art 2 contract, payment will be due on delivery of the goods

t / f

Answer 1

Article 2 deals with the contracts for sale of goods. It lays out terms and conditions which must be agreed upon by both parties, i.e. seller and buyer of goods on trading of goods.

It helps in regulation of contracts for sale of goods.

When there is absence of certain key elements of mutual consent of bargain, then the Uniform Commercial Code has provided a doctrine of 'gap filler'.

According to gap filler, if payment term is left out of Article-2 or not mentioned or agreed upon, then the payment has to be made at the place and time the buyer receives the goods or it will be due on delivery of goods.

So, the given statement is TRUE.