Quantity in Legal Terms

6. `commercial unit` means such a unit of goods which, after use in trade, constitutes a single whole for sale and division the character or value of which is appreciably altered on the market or in the course of use; A business unit may be a single item (as a machine) or a series of items (as furniture or a range of sizes) or a quantity (in bales, gross wagons or wagons) or any other unit used or processed throughout the relevant market. The actual quantity of the contract and/or the actual monthly quantity delivered under the contract corresponds to the quantity specified in the respective transport document. 4. An undivided part of a specified filling of reasonable goods shall be sufficiently identified to be sold, although the filling quantity shall not be determined. Any agreed share of these lots, or any quantity thereof agreed by number, weight or other measure, may be sold to the extent of the seller`s interest in distribution to the buyer, who then becomes the co-owner. 1. Except as otherwise provided in this section, a contract for the sale of goods for $500 or more is enforceable only if there is sufficient documentation to indicate that a contract of sale is entered into between the parties and that performance is sought by the party against whom performance is sought: or signed by its authorized representative or broker. A written form is not sufficient because it omits or distorts an agreed provision, but the contract is not enforceable under this paragraph beyond the quantity of goods specified in that written form. The parties acknowledge that the remedy provided for in this clause is the sole remedy available to the Buyer in the event that the Seller is unable to deliver the scheduled monthly quantity or the expected contractual quantity of the Goods during the relevant period. 3. There may be a sale of part of the existing identified goods. 2.

The goods must be present and labelled before any interest can be transferred. Goods that are not both present and identified are “future” goods. An alleged current sale of future property or an interest in it is considered a contract of sale. If the actual contract quantity or the actual monthly quantity (as applicable) is 100% (one hundred percent) but less than or equal to 110% (one hundred and ten percent) of the contract quantity or the scheduled monthly quantity, Buyer must make payment of such outstanding balance within 3 (three) business days of a corresponding seller`s invoice. (1) “Goods” means all movable property (including specially manufactured goods) that is movable at the time of identification of the contract of sale, except for sums the price of which is due, investment documents (Article 8) and assets in action. “Property” also includes young unborn children of animals and crops and other identified items associated with real property, as described in the section on property to be separated from real property (sections 2-107). (3) A contract that does not meet the requirements of clause (1) but is otherwise valid is enforceable. For each transaction concluded, Seller shall pay Buyer for each trading period, if any, any difference from the quantity of the Contract for that exchange period that Seller will pay to Buyer.

This definition of quantity is based on The Cyclopedic Law Dictionary. This entry needs to be proofread. (2) Between merchants, if a letter confirming the contract is received within a reasonable time that is sufficient vis-à-vis the sender and the recipient has reason to know its contents, the recipient meets the conditions of clause (1) against that party, unless, within 10 days after receipt, a written objection is raised to its contents. (5) “Lot” means a package or individual item that is the subject of a separate sale or delivery, whether or not sufficient to perform the contract.

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