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

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Presentation transcript:

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

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

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

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

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

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

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