fall 2010 bule 402 intro to sales

fall 2010 bule 402 intro to sales - Commercial...

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2/6/11 Commercial Transactions: Introduction to Sales Prof. Julie Shubin Bule-402 Fall 2010 Commercial Law © Julie Shubin 2010
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2/6/11 Cat of the day
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2/6/11 “The Uniform Commercial Code enables merchants to form contracts more quickly and easily. But along with this increased facility goes greater responsibility, since informal discussions may suddenly turn into… a contract.”
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2/6/11 Introduction to Sales - Topics Development of Commercial Law The UCC today/Sale of Goods UCC Basics Code’s Purpose Scope of Article 2 Mixed Contracts Good Faith and Unconscionability
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2/6/11 Development of Commercial As trade increased throughout history, merchants developed practices which became known as the law merchant. Law merchant/ lex mercatoria Promises Sale and exchange of goods Payment
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2/6/11 Development of Commercial Law In 1952, the Uniform Commercial Code was published by a group of scholars whose goal was to draft a modern law of commerce. The UCC has been revised several times, most recently in 2003, but not all revisions have been adopted by all states
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2/6/11 Uniform Commercial Code See www.law.cornell.edu/ucc/ucc.table.htm See chart on page 430 text for overview of UCC topics
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2/6/11 UCC in Virginia
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This note was uploaded on 02/05/2011 for the course BULE 402 taught by Professor Shubin during the Fall '10 term at George Mason.

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fall 2010 bule 402 intro to sales - Commercial...

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