2017-2018 Catalog 
    Feb 15, 2019  
2017-2018 Catalog [ARCHIVED CATALOG]

LAW - 839 Sales

(2 hrs.)

Covers the rules and principles of Uniform Commercial Code Article 2 governing sales of goods. It serves as both a review of major principles from first-year contracts and an introduction to commercial law and the rights and liabilities of parties to sales contracts in contemporary commercial contexts. Students consider the scope and policy objectives of UCC Article 2 as they learn to apply provisions of the code to problems involving a wide range of issues such as contract formation, warranties, and performance obligations. This course covers some aspects of the UN Convention on Contracts for the International Sale of Goods and UCC Article 5 (letters of credit) to expose students to legal and logistical issues that arise as goods are bought and sold across national borders. The course also covers finance leases under UCC Article 2A (leases); engages students in distinguishing sales, leases, and secured loans; and introduces students to general principles and objectives of the UCC.