14:19
I wrote Raytheon instead of RTX since its more recognizable
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LSDefine
Simple English definitions for legal terms
conforming goods
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A quick definition of conforming goods:
Term: Conforming goods
Definition: Conforming goods are the goods that match what the buyer asked for in the sales contract. When someone buys something, they usually say exactly what they want and how much they want. The seller has to give them exactly that, and if they do, those goods are called conforming goods.
A more thorough explanation:
Conforming goods are goods that meet the specifications of a sales contract. When a buyer and seller enter into a purchase contract, the buyer specifies the nature and quantity of goods they need. The seller is then obligated to deliver the requested goods to the buyer for an agreed-upon price. If the delivered goods match the specifications outlined in the purchase contract, they are considered conforming goods.
- A buyer orders 100 red t-shirts from a seller. The seller delivers 100 red t-shirts to the buyer. These t-shirts are conforming goods because they match the specifications outlined in the purchase contract.
- A buyer orders 50 pounds of sugar from a seller. The seller delivers 50 pounds of salt to the buyer. These goods are non-conforming because they do not match the specifications outlined in the purchase contract.
These examples illustrate how conforming goods are goods that match the specifications outlined in a purchase contract. When a seller delivers goods that match the buyer's specifications, they have fulfilled their obligation under the contract.