Answer :
The seller's obligation under the Perfect Tender Rule is to deliver goods that precisely match the contract specifications. A seller can reassure potential buyers amidst imperfect information by offering warranties, detailed product information, allowing inspections, showcasing customer reviews, and maintaining clear communication about the product's details.
The seller's obligation under the Perfect Tender Rule is to deliver goods that conform exactly to the quantity, quality, and description dictated by the contract. If the goods or the delivery fail to conform to the contract in any way, the buyer has the right to reject the goods. In order to reassure a possible buyer who is faced with imperfect information, a seller of goods might offer warranties, provide clear and comprehensive product information, allow for product inspections or demonstrations, include positive customer reviews, and maintain transparent communication about product sourcing and pricing.
In cases where imperfect information exists, it can be difficult for a buyer and seller to agree on a price because there is uncertainty over the good's actual value and its fit with the buyer's needs. Transparency and providing reassurances can aid in bridging this information gap, thus facilitating a situation where both parties feel confident in the transaction. This principle is essential for the creation of value in the economy by enabling trade from one party that values the good less to another that values it more.
