Legal encyclopedia. Letter C

THE PRICE OF THE PRODUCT

- the nominal value of the goods that the buyer must pay upon the purchase of the goods.

TS is determined by the seller or by agreement of the parties.

The buyer is liable to pay the goods and perform the actions necessary to effect payment. Such actions include:

1) the opening of a letter of credit;

2) provision of a bank guarantee. Ts T. is determined by:

1) the amount of money;

2) in the manner stipulated in the contract;

3) comparison under comparable circumstances with the price charged to similar goods.

If TS is determined by the weight of the goods, it is determined by the net weight. If TS depends on the change in the cost of its constituent components, the TS is determined on the basis of the ratio of the changed indicators at the time of the conclusion of the contract and at the time of the transfer of the goods.

In case of delay in the transfer of goods, T. T. is determined by the ratio of the changed indicators at the date of transfer of the goods.

The actual date of transfer of the goods does not affect the TS. If the goods are delayed, the buyer has the right to demand compensation from the seller for the losses incurred.