Answer :
Final answer:
The right to reject goods due to noncompliance with the perfect tender rule is qualified by the need for the buyer to give reasonable time notice to the seller. Seller strategies in the face of imperfect information include setting clear prices and understanding buyer valuation.
Explanation:
The right of a buyer to reject goods upon the seller's failure to comply with the perfect tender rule is qualified by reasonable time notice. This condition means that after receiving non-conforming goods, the buyer must notify the seller within a reasonable amount of time about the rejection to avoid losing the right to reject the goods. The options provided include buyer's remorse, reasonable time notice, unilateral termination, and seller's consent, with the correct answer being reasonable time notice.
In cases of imperfect information, sellers may take measures to reassure buyers such as offering a take-it-or-leave-it price, allowing for some surplus to encourage the buyer, understanding the buyer's valuation of the good, and recognizing conditions like the suspension of concessions in trade disputes. Difficulty in agreeing on a price can arise when there is imperfect information, leading to uncertainty in the transaction.
