CHAPTER 11 posting - CHAPTER 11 Sales *Do not worry about...

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Sales ***Do not worry about memorizing specific section numbers of the UCC!*** ***Stop at p. 302. We will not cover International Sales!*** I. The UCC A. Definition 1. Covers 2. Does not cover B. Development of commercial law in England/the US C. The UCC vs. the law of contracts 1. Sales deals with Article 2 2. When does the UCC apply, as opposed to the law of contracts? 3. Mix of goods and services a. general rule b. i.LAN Systems II. A. Goods 1. Definition 2. Movable? 3. Tangible? B. Merchants 1. Definition 2. duty of good-faith 1. Definition of sale 2. Definition of title 3. Who holds title to goods? 4. How is title passed? a. agreement of parties b. UCC rule on passing title c. Stolen goods and title III. Forming a Sales Contract A. Purpose of UCC rules – filling the gap B. How is contract made? 1. UCC 2. Compare with common law C. Indefiniteness and the Offer 1. parties’ intent 2. reasonably certain basis for giving appropriate remedy
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This note was uploaded on 04/29/2008 for the course FINA 2244 taught by Professor Moore during the Spring '07 term at East Carolina University .

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CHAPTER 11 posting - CHAPTER 11 Sales *Do not worry about...

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