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The Factoring Convention embraces transactions in which goods are supplied under a contract of sale and the resulting receivables assigned by the supplier to the factor.
"there is no implied warranty or condition as to the quality or fitness for any particular purpose of goods supplied under a contract to sell or a sale, except as follows: 1.
Without comment, the Justices refused to hear an appeal by a photographer who tried to sue a branch of the Virginia State University system for misusing promotional photographs he had supplied under a contract.
If you make a supply under a contract providing for periodic payments, the tax point is the date you receive payment or, where the special anti-avoidance rules described in section 23 apply, the date you complete the work.
On 23 November 2009, the Department of Internal Affairs launched a new (and the current) version of the biometric passport (LA series), supplied under a contract with the Canadian Bank Note Company at a cost of just under $100 million over five years.
The grand jury charged Friday that Arthur O. Sammons, identified as a manufacturer and distributor of aerospace fasteners, signed false certifications saying that bolts supplied under a contract to Teledyne Brown Engineering in Huntsville had been tested as required by NASA standards.
Second, whereas a rejection of the goods supplied under a contract of sale entitles the buyer to claim a refund of the price, if already paid, termination of a contract for work and materials or for services will normally only entitle the innocent party to claim damages for the breach.
Thus, for instance, the implied term that goods supplied under a contract of sale should be fit for the buyer's purpose (SGA 1979, s14(3)) only applies if the buyer makes known to the seller the purpose for which it wants the goods, relies on the seller's skill or judgment, and does so reasonably.