1. BLW 273 Business Law I Sales & Leases © 2009 Darren A. Prum, MBA, JD

2. BLW 273 Sales & Leases  UCC applies to all goods contracts  Goods  Article 2  Article 2A  Scope of 2-102  UCC applies to all goods contracts  Goods  Article 2  Article 2A  Scope of 2-102 © 2009 Darren A. Prum, MBA, JD

3. BLW 273 Sales & Leases  Offer  Common Law  2-205  Minimum Essential Terms  Offer  Common Law  2-205  Minimum Essential Terms © 2009 Darren A. Prum, MBA, JD

4. BLW 273 Sales & Leases  Acceptance  2-207  Consideration  Acceptance  2-207  Consideration © 2009 Darren A. Prum, MBA, JD

5. BLW 273 Sales & Leases  Insurability & Risk of Loss © 2009 Darren A. Prum, MBA, JD

6. BLW 273 Sales & Leases  Perfect Tender Rule  Exceptions:  Perfect Tender Rule  Exceptions: © 2009 Darren A. Prum, MBA, JD

7. BLW 273 Sales & Leases  Remedies  If the goods are in the Seller’s possession, he may:  Refusal to deliver the goods, the buyer may:  Remedies  If the goods are in the Seller’s possession, he may:  Refusal to deliver the goods, the buyer may: © 2009 Darren A. Prum, MBA, JD