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American University Washington College of Law    
 
    
 
  Jan 17, 2018
 
2017-2018 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.