Rejected Goods Definition | Law Insider (2024)

  • Returned Goods means all right, title and interest in and to returned, repossessed or foreclosed goods and/or merchandise the sale of which gave rise to a Receivable; provided that such goods shall no longer constitute Returned Goods after a Deemed Collection has been deposited in a Collection Account with respect to the full Outstanding Balance of the related Receivables.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • restricted goods means any goods the importation, exportation, transfer, or carriage coastwise, of which is prohibited, save in accordance with any conditions regulating such importation, exportation, transfer, or carriage coastwise, and any goods the importation, exportation, transfer, or carriage coastwise, of which is in any way regulated by or under the Customs laws;

  • Locally manufactured goods means goods whose value, either in whole or in part, is derived from growing, producing, processing, assembling, or manufacturing activities that occur within a city-based manufacturer's facility located within the city.

  • Finished Products means any one or more of the following petroleum oils, or a mixture or combination of these oils, to be used without further processing except blending by mechanical means:

  • Manufactured good means a good brought to the construction site for incorporation into the building or work that has been--

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Back Ordered Products If product is not expected to ship within the time provided to the TIPS Member by the Vendor, the Member is to be notified within 3 business days and appropriate action taken based on customer request. The TIPS Vendor Agreement Signature Page is inserted here.

  • Defective Product has the meaning set forth in Section 5.2.

  • Rejected in relation to a complaint means that a complaint has not been upheld and the insurer regards the complaint as finalised after advising the complainant that it does not intend to take any further action to resolve the complaint and includes complaints regarded by the insurer as unjustified or invalid, or where the complainant does not accept or respond to the insurer’s proposals to resolve the complaint;

  • Nonconforming Goods means only the following: (i) product shipped is different than identified in Buyer's purchase order; or (ii) product's label or packaging incorrectly identifies its contents.

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • shipped includes removal from the work sites by ship or any other means;

  • Manufactured products means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum; plastics and polymer-based products such as polyvinyl chloride pipe; aggregates such as concrete; glass, including optical fiber; and lumber.

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrower’s business.

  • Excluded Products means the items described on the applicable restricted products per country, any other applicable Program Policy, or any other information made available to you by LINIO.

  • Aerosol product means a pressurized spray system that dispenses product ingredients by means of a propellant contained in a product or a product's container, or by means of a mechanically induced force. “Aerosol Product” does not include “Pump Spray.”

  • Terminated Product has the meaning set forth in Section 18.3.4.2(v).

  • Contracted Processor means a Subprocessor;

  • Designated Products means products provided by Motorola to Licensee with which or for which the Software and Documentation is licensed for use.

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • SAP Products means Software, Documentation, SAP Materials, Services, Subscription Services, Cloud Services and Maintenance Services. “SAP SDK” means SAP software development kit that includes tools such as APIs, source code, redistributable files and instructions. “Services” means SAP’s then-current services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Final Product means a product that is not used in producing other products and is built and intended for use outdoors, provided the final product has not deteriorated or has otherwise become a potential source of contaminants.

  • processed products means goods placed under a processing procedure which have undergone processing operations;

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Related Products means (i) with respect to Resource Adequacy Benefits that portion of the Resource Adequacy Benefits that are in excess of those Resource Adequacy Benefits used by Seller or by a Site Host, both in connection with the Host Site, to meet a known and established, at the point in time when the Resource Adequacy Benefits are to be used, resource adequacy obligation under any Resource Adequacy Ruling, and (ii) any Green Attributes, Capacity Attributes and all other attributes associated with the electric energy or capacity of the Generating Facility (but not including any Financial Incentives) that are in excess of those Green Attributes, Capacity Attributes or other attributes used, or retained for future use, by Seller or a Site Host, both in connection with the Host Site, to meet a known and established, at the point in time when the relevant attribute(s) are to be used or retained, obligation under Applicable Law.

  • Rejected Goods Definition | Law Insider (2024)

    FAQs

    What are rejected goods? ›

    The rejection of merchandise due to unmet standards is a common issue faced by traders. When goods are found not in compliance with safety regulations, they often get confiscated and destroyed by customs.

    What is the legal definition of rejected? ›

    rejection n

    : the act or an instance of rejecting: as. a : a refusal to accept an offer. b : a refusal to accept nonconforming goods as performance of a contract NOTE: Rejection and revocation are two remedies available to the buyer under the Uniform Commercial Code after the delivery of defective goods.

    How do you treat rejected goods? ›

    The most important things to remember on a rejected load are to move quickly, minimize any losses and document. By promptly placing the load with a receiver, you can mitigate damages by salvaging the rejected load while all affected parties determine responsibility at a later date.

    When can you rightfully reject a product under the UCC? ›

    To give buyer the right to reject the whole delivery (in a single delivery contract) any defect is enough; in the words of the Code, "if the goods or the tender of delivery fail in any respect to conform to the contract, the buyer may (a) reject the whole. ."31 Not only will a defect in the goods allow rejection, but a ...

    What is the difference between a rejection of goods and a revocation of acceptance of goods? ›

    Rejection occurs before a buyer accepts the goods, whereas revocation refers to situations where a buyer has already accepted the goods but the buyer takes back their acceptance.

    What is the right of rejection of goods? ›

    What does final right to reject mean? It means that you are entitled to reject the goods for a refund, but the trader can make a deduction from the refund for the use you have had from the goods. The trader must not make a deduction for any time delay caused by their failure to collect the rejected goods from you.

    How do you reject goods? ›

    108. Subsection (5) sets out what the consumer must do to exercise one of these rights: they must indicate to the trader that they are rejecting the goods and treating the contract as at an end. 109. Subsection (6) clarifies that, as long as the meaning of the indication is clear, it does not matter what form it takes.

    How do you reject non-conforming goods? ›

    Process for Rejection of Goods

    The buyer is responsible for providing a notice of rejection letter to the supplier describing the defect(s) that renders the delivery as non-conforming to the Contract/PO, what the delivery and inspection criterion was, and how the delivered product does not conform.

    What is the difference between revocation and rejection? ›

    Revocation is when the person that's made an offer decides he wants to take it back. He can revoke the offer as long as there has not yet been an acceptance. Rejection is when an offeree says, "No" to the offer. The offer then dies.

    What does rejected stuff mean? ›

    to refuse to accept, use, or believe something or someone: The appeal was rejected by the court.

    What does rejected mean in trading? ›

    Rejection. Refusal by a bank to grant credit, usually because of the applicants financial history, or refusal to accept a security presented to complete a trade, usually because of a lack of proper endorsem*nts or violation of rules of a firm.

    What does rejected merchandise mean? ›

    ■ Rejected Merchandise: If merchandise is exported or destroyed because it does not. conform with samples or specifications, or has been shipped without the consent of the. consignee, or has been determined to be defective as of the time of importation, then 99.

    What is rejected material? ›

    Rejected materials refer to the excess amount of purchased materials that are not used in the production process and cannot be returned to stock.

    Top Articles
    Latest Posts
    Article information

    Author: Corie Satterfield

    Last Updated:

    Views: 6260

    Rating: 4.1 / 5 (42 voted)

    Reviews: 81% of readers found this page helpful

    Author information

    Name: Corie Satterfield

    Birthday: 1992-08-19

    Address: 850 Benjamin Bridge, Dickinsonchester, CO 68572-0542

    Phone: +26813599986666

    Job: Sales Manager

    Hobby: Table tennis, Soapmaking, Flower arranging, amateur radio, Rock climbing, scrapbook, Horseback riding

    Introduction: My name is Corie Satterfield, I am a fancy, perfect, spotless, quaint, fantastic, funny, lucky person who loves writing and wants to share my knowledge and understanding with you.