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Business Law I Sales and Product Liability

Business Law I Sales and Product Liability

Business Law I Sales and Product Liability. Development of Commercial Law. As trade increased throughout history, the need for a uniform, modernized business law grew greater.

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666 views • 49 slides
CHAPTER 5 The Documentary Sale and Terms Of Trade

CHAPTER 5 The Documentary Sale and Terms Of Trade

CHAPTER 5 The Documentary Sale and Terms Of Trade. Transaction Risk. Negotiate terms. Allocate risk: moving goods and money. Fix performance obligation and responsibilities. Fix price. Make sure understanding is reflected in contract. Transaction Risk.

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732 views • 30 slides
Chapter 26: Passage of Title and Risk of Loss: Rights of Parties

Chapter 26: Passage of Title and Risk of Loss: Rights of Parties

Chapter 26: Passage of Title and Risk of Loss: Rights of Parties. Potential Problems. Problems in sales transactions often involve damage to the goods, the claims of creditors, and insurance.

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239 views • 13 slides
CHAPTER 21: SALES CONTRACTS: FORMATION AND PERFORMANCE

CHAPTER 21: SALES CONTRACTS: FORMATION AND PERFORMANCE

CHAPTER 21: SALES CONTRACTS: FORMATION AND PERFORMANCE. CHAPTER 21: SALES CONTRACTS: FORMATION AND PERFORMANCE. Learning Objectives: General Aspects of Article 2 of the Code Formation of a Contract for Sale of Goods Title to Goods Risk of Loss Breach of Contract No Breach.

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317 views • 10 slides
Do Now

Do Now

Do Now. What is the UCC? What type of contracts does it cover? The UCC (Uniform Commercial Code) is a collection of laws that govern contracts involving sale of goods. It is essentially a relaxation of commercial (business) laws, making it easier for companies to do business. Do Now.

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