Lesson Guideline 1 Sales Contract Lessons 2 - 3. Lesson Guideline 22 PHASES OF THE SALES CONTRACT When a customer is satisfied with the offer he has received,

Slides:



Advertisements
Similar presentations
Letter of Urging Prompt Settlement. Focal Points Understanding the necessity of early settlement How to urge settlement Letter writing format of urging.
Advertisements

ISTISNA AS MODE OF FINANCE
Lesson guideline 1 1 Sales Contract Lesson 1. Lesson guideline 12 GLOSSARY - 1 Draw upredarre, stipulare DeliveryConsegna BindVincolare, obbligare EnquiryDomanda.
Sale of Goods Act, 1930 A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer.
INTERNATIONAL TRADE SERVICES
Meezan Tijarah (Finished Goods).
Methods of Payment in exporting and importing
Chapter 8 Export Business Negotiation and Conclusion of Contract Abstract: This chapter tells the general procedures of business negotiation, the basical.
1 Scope Scope of the UCC: to provide a uniform and consistent set of rules to deal with all phases of commercial sales transactions. Scope of Art. II of.
THE SALES OF GOODS ACT (1930) 1 INTRODUCTION 2 Before The Sales of Goods Act,transactions relating to sales and purchase of goods were regulated by The.
Ownership and Risk of Loss in Sales
Financing Foreign Trade
Tyrell Robertson & DuRanda Smith
Sales Contracts.  Sale – Contract in which ownership of goods transfers immediately from the seller to the buyer  Ownership – Collection of rights that.
By Ryan Weiss.  “FOB”  “FOB” – Free on board. The risk of loss transfers to the buyer at a specified point.  CIF (cost, insurance, freight)  CIF (cost,
The Sale and Lease of Goods Chapter 7. Previous Contracts Governed Real estate Employment And personal Service In this chapter we will look at the law.
Section 13.2.
The Sale of Goods Act 1930.
Activity 4 1 Sales Contract Activity 4. 2 Mr. Bianchi is a to agree Assistant Sales Manager buying manager customer order retail company 10 PCs of Delta.
THE BUSINESS TRANSACTION. THE PEOPLE INVOLVED IN THE SALES TRANSACTION BUYERSELLER TRANSPORT AGENTS BANK.
Section 11.1.
Massimiliano Di Pace1 INTERNATIONAL PAYMENTS Handling international payment can be complicated and risky The problems can be: - currency - transfer of.
PAYMENT TERMS ADVANCE PAYMENTS OPEN ACCOUNT TRADE
CHAPTER 8 Documentary Letters of Credit
SALES CONTRACTS By Danielle Tucker & John Hoogerheide.
ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS
Chapter 16 Using Math in Sales 1 Marketing Essentials Chapter 16 Using Math in Sales Section 16.3 Purchase Orders and Invoices.
CH1 INTERNATIONAL TRADE CONTRACTS
i. Definitions: i.Transaction ii.International Transaction iii.Business Transaction Important Elements in IBT i.Irrevocable decision ii.Documents to be.
Istisna Presented by: Muhammad Najeeb Khan (Shriah Advisor) in Habib Metropolatin Bank Islamic Banking Presented at AlHuda CIBE Workshop.
Contract of Sale of Goods. Sale of Goods Act Definition of Contract of Sale Section 4(1) of the Sale of Goods Act defines a contract of sale of goods.
Chapter 7.  A contract where a seller transfers or agrees to transfer the property in goods to the buyer for a price.  In other words a contract to.
Islamic Financial Accounting Standard-1
International Payments: Imports and Exports Security versus flexibility: When negotiating the terms of payment you always face a dilemma: - if you insist.
Ownership and Risk of Loss Chapter 13. Possession vs. Title To have possession means to hold or occupy with or without rights of ownership To have possession.
CHAPTER 20 INTRODUCTION TO NEGOTIABLES: UCC ARTICLES 3 AND 7 DAVIDSON, KNOWLES & FORSYTHE Business Law: Cases and Principles in the Legal Environment (8.
Essentials Of Business Law Chapter 15 Sales McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
Ownership and Risk of Loss in Sales or Goods Ownership and Risk of Loss in Sales or Goods Section 13.1.
Features of the foreign trade contracts
Chapter 13 Section 1 Bobbie K and Juan R. What is a Sale? The Uniform Commercial Code (UCC) governs sales of goods, also governs contracts to sell goods.
Order Unit 5. It is the consumer, and the consumer alone, who casts the vote that determines how big any company should be. ---Crawford H. Greenwalt A.
LAW for Business and Personal Use © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Purchase Orders, Invoices, and Shipping Chapter 16 Sec 3.
The Basics of Economics. Economic Activity Our economy, much like others around the world operate on a circular flow of economic activity. –Goods and.
GOULD’S “MCQ’s in the MORNING” Multiple Choice Program: CONTRACT LAW QUESTIONS, © 2012 GOULD’S LEGAL EDUCATION, ALL RIGHTS RESERVED.
Understanding Business and Personal Law The Sale and Lease of Goods Section 13.1 Contracts for the Sale of Goods Legal Terms sale (p. 268) price (p. 268)
Financing Foreign Trade. Learning Objectives What are the key elements of an import or export transaction? What are the three key documents in import.
Unit 1 Financial Accounting Chapter 2 of Textbook
Eastern Mediterranean University BANK406 Corporate Banking Law and Practice CHP 6.
Spoken English for International Business. Learning Point In this lesson, we will learn how to conclude the negotiation and sign the final written contract.
© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Explain the purpose of entering the.
CHAPTER NINE LETTER OF CREDIT VARIATIONS. One of the great strength of the letter of credit is its flexibility. The basic letter of credit can be changed.
LAW FOR BUSINESS AND PERSONAL USE © SOUTH-WESTERN PUBLISHING Chapter 15 Slide 1 Sales Define sale and explain how the UCC governs the sale of goods Identify.
Practice of International Trade – Negotiation for Sales Contract Chapter 4-1
The Sale of Goods Act A contract for sale of goods is a contract whereby the seller transfers or agrees to transfer the goods to the buyer for a.
Trade Finance and Payment Methods May 9 th, 2013 Presented by: Berenice Carmona Jaime Martinez International Trade Center.
Chapter – 4 Accounting for Hire Purchase
LAW OF SALE OF GOODS.
COMMERCIAL LAW.
© National Core Accounting Publications
Unit 9 Let’s Make a Deal! Learning Objectives
Sales Order Process.
Parties involved in Trade Finance
PERFORMANCE OF CONTRACT OF SALE OF GOODS
© 2014 Cengage Learning. All Rights Reserved.
Contract of Sale of Goods
© 2014 Cengage Learning. All Rights Reserved.
P3.
Istisna Presented by: Muhammad Najeeb Khan (Shriah Advisor) in Habib Metropolatin Bank Islamic Banking Presented at AlHuda CIBE Workshop.
Group(B) members Abdirahman Addow Hassan Abbas Abdulkarim Mohamed
Presentation transcript:

Lesson Guideline 1 Sales Contract Lessons 2 - 3

Lesson Guideline 22 PHASES OF THE SALES CONTRACT When a customer is satisfied with the offer he has received, he places the order After the order is confirmed by the supplier, the contract of sale is valid The supplier executes the contract To place an order = piazzare un ordine Supplier = fornitore Execute = eseguire Customer = Cliente

Lesson Guideline 23 Mr. Bianchi is a to agree Assistant Sales Manager buying manager customer order retail company 10 PCs of Delta Snc, Mr. Corsi, tells the Who has confirmed the order? retail company buying manager of Alfa SpA an Italian He is calling Mr. Corsi to order TheAssistant Sales Manager customer Mr. Bianchi that the price he will charge for the PCs is €800 each on the price offered agrees Do we have a new sales contract? What is the total amount due? Is Mr. Bianchi the offerer? a video Put the words In the right place

Lesson Guideline 24 Which stage of the sales transaction is represented in the previous situation? Ask for information Give information Promote and offer the goods Order the goods Has the sales contract been drawn up yet? Who is the buyer? Which company does the buyer work for ? Who is the seller? What is the quantity of goods that the buyer wants to buy? What is the unit price of the goods? Does the buyer accept the price charged? a video

Lesson Guideline 25 Practise a little more … EXERCISE 1 Answer the following: a) What is a contract? b) Is it necessary to put a contract in writing? (give a simple explanation) c) What are the necessary conditions for a valid sale? d) Does selling services involve a contract of sale? EXERCISE 2 - in pairs Ask each other the following questions and answer orally: Who's the seller? What is "quality of goods" referred to? What are the essential terms of any contract? Are the goods always delivered at the buyer's warehouse?

Lesson Guideline 26 Esercizi per casa Translate the sentences below into Italian  The critical situations are solved after a new agreement by the parties  One of the two parties takes a legal action against the other when he has not reached a friendly agreement about the controversy.

Lesson Guideline 27 Esercizi per casa Translate the sentence below into Italian  The solution of critical situations (quality not matching the order, delivery and payment delays, …) has been stated in the contract. In this case the relative terms have to be applied.  property  property - things that you own, especially houses or land  possessions  possessions - things you have in your house or carry with you

Lesson guideline 38 CONTRACT OF SALE FORM No: Date: Place : The Buyer:The Seller: The contract is made by and between the Buyer and the Seller whereby the Buyer agrees to buy and the Seller agrees to sell the undermentioned goods according to the terms and conditions stipuled below:  GOODS, QUANTITY AND UNIT PRICE :  TOTAL VALUE (Vat excluded)  COUNTRY OF ORIGIN AND MANUFACTURERS  DESPATCH –TRANSPORT - TRANSPORT CHARGES  DELIVERY  PACKING  PAYMENT TERMS OTHER INFORMATION  Essential Terms  Other Agreement Terms

Lesson guideline 39 Draw up the contract … form Using the proper form draw up the contract of the following agreements of sale:form No. 01, drawn up in Milano on March 2, 2005; Tecnica Spa Milano sells to PlaySport Srl Torino 150 mountain bikes €150 each, to be delivered to the buyer’s warehouse (magazzino) by rail on 31 March. No. 02, drawn up in London on April 12, 2005; Solomon Ltd London buys from Beltrami Lorenzo Bologna 50 porcelain vases for €750, packing charges €45; the goods have to be delivered in Bologna directly to the buyer. Payment terms: sight draft No. 03, drawn up in Firenze on August 10, 2005 between Roller Spa Roma and Fallani Roberto who is the manufacturer of 150 leather bags, unit price €90; the goods must be packed in strong boxes and immediately delivered to Roma by a carrier; the payment is due within 45 day of receipt of goods by cash.

Lesson guideline 310 EXERCISE 3 Match the words together asales1terms bprice2material cpayment3contract draw4list ecustomer5buyer EXERCISE 4 Match the two sets of words according to a logical association aproperty1terms boffer2seller/buyer cparty3to sign dnegotiation4agreement enull and void5acceptance fdelay6validity gwritten contract7transfer EXERCISE 5 The words below concern a sales contract. Write 3 adjectives for each one: quality a)____________ b) _______________c)_____________ quantity a)____________ b) ___ ___________ c)_____________ price a)____________ b) ________ ______ c)_____________

Lesson guideline 311 Hot potatoes (In laboratorio) The Sales Contract The Contract The Negotiation 1 The Negotiation 2 Gap-fill exercise Mixed-up sentence exercise