Jentz 11e-IM-Ch20 - Chapter20 Title BusLawSeal.eps Creator...

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Chapter 20 The Formation of Sales and Lease Contracts See Separate Lecture Outline System I NTRODUCTION The Uniform Commercial Code (UCC) is probably the most important piece of commercial legislation in the history of the United States.  The drafters of the UCC comprised a sophisticated group of legal scholars— Karl Llewellyn, Grant Gilmore, Homer Kripke, and Soia Mentschikoff.  The UCC created a nearly uniform body of law in each state, greatly facilitating interstate commerce. Because of its nearly uniform applicability, your students may be confused about whether the UCC is a state or federal law.   As discussed in Chapter 1, the UCC was (and remains) a joint effort of the National Conference of Commissioners on Uniform State Laws and the American Law Institute.  All its articles have been adopted with few changes by every state (except Louisiana, which has not adopted Articles 2 and 2A) and the District of Columbia.  Despite differences, the UCC contains many similarities to the common law contract principles discussed in the previous chapters.  Indeed, such similarities should be expected, because the UCC represents the codification of much of the common law of contracts. 127
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128           INSTRUCTOR’S MANUAL TO ACCOMPANY  BUSINESS LAW , ELEVENTH EDITION This chapter also briefly reviews the United Nations Convention on Contracts for the International Sale of Goods (CISG) and special provisions in international contracts.
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CHAPTER 20:  THE FORMATION OF SALES AND LEASE CONTRACTS            129 A DDITIONAL  R ESOURCES A UDIO  & V IDEO  S UPPLEMENTS The following audio and video supplements relate to topics discussed in this chapter— PowerPoint Slides To highlight some of this chapter’s key points, you might use the Lecture Review PowerPoint slides compiled for Chapter 20. South-Western’s Business Law Video Series The situational video  Sales  provides students with a review of the material in this chapter. Drama of the Law Video No. 2 of this series, entitled “Offer and Acceptance,” which focuses on the sale of a used car, applies the concepts of offer and acceptance to the everyday world in which students live.   See the Instructor’s Manual  for  The Drama of the Law,  pages 9-14 (Script) and pages 15-18 (Teaching Points of Law). C HAPTER  O UTLINE I. Uniform Commercial Code A. C OMPREHENSIVE  C OVERAGE   OF   THE  UCC The UCC covers all of the phases of an ordinary sale or lease of goods, including the formation of the contract (Article 2 or 2A), payment (Articles 3, 4, and 4A), title documents during storage (Article 7), and security for unpaid amounts (Article 9). In addition, Article 6 concerns transfers by
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