ch5 - 20:17 HowCommerciallawfirstdeveloped

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
20:17 How Commercial law first developed Lex mercatoria—law of merchant; enforced by the merchants themselves and was  permissibly allowed to exist by virtue of whatever sovereign was in charge  1894—England passed the Sale of Goods Act  still in existence 1906—US came up with the Uniform Sales Act that was offered for adoption to the  states  not all the states adopted it 1950-Today—Uniform Commercial Code 9 different articles Article 2—deals with the sale of goods  1980s—Convention on the International Sale of Goods by UNCITRAL Pre-CISG problems: What law will apply to international contracts  Look where the contract was made, breaches, parties in privity—judge decides what  law applies US is behind on a uniform body of non-sale of goods contract law  EU has the principles of European contract law  Nations that have ratified the CISG are signatories LOCATIONS of the businesses, not the place of origin Don't look at the nationality of the company, but the location of it to determine whether  or not the CISG applies  Can opt out
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
American lawyers don't like the CISG—because they don't understand it  Can also opt in—nothing prevents people in countries who are not signatories from  opting in and using the CISG and the choice of law  CISG only applies to COMMERCIAL transactions—not personal  Personal—consumer uses; for personal, family, or household UCC does apply to personal transactions Asante Technologies, Inc. v. PMC-Sierra, Inc (2001) What law is going to apply? PMC had offices in Canada and an authorized distributor California Asante was located in California Asante had a purchase order (agreement to purchase something—in the contract) Pro Forma Invoice (offer)—Purchase Order (acceptance) On the back there is fine print Fine print had a choice of law clause and a choice of forum clause—stating that "the law  of California" would be the law PMC's acceptance said "the law of Canada" would be the law
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/19/2012 for the course BLS 464 taught by Professor Humbauch during the Fall '11 term at Miami University.

Page1 / 8

ch5 - 20:17 HowCommerciallawfirstdeveloped

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online