Week 6 Notes Part 5
Week 6 Notes Part 5
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This 1 page Class Notes was uploaded by Zohar Peleg on Wednesday February 18, 2015. The Class Notes belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 27 views.
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Date Created: 02/18/15
Part 5 Special UCC Rules UCC vs CISG UCC o Gives buyer warranty protection 0 Every type of sale of goods 0 Merchant is someone whose business involves the nature of the transaction 0 Advertisements of goods are not offers 0 Offer revocation offer can be revoked after acceptance rm offer 0 Mailbox rule acceptance could be effective if satis ed reasonable medium rule VS CISG o No buyer warranty protection 0 Doesn t apply to consumer sale of goods 0 Merchant is anyone who has a place of business nature of transaction doesn t matter 0 Advertisements of goods are offers 0 Offer revocation offer doesn t need to be in writing verbal is enforceable o Mailbox rule acceptance is effective when received Trial sales Money back guarantee 0 Owner is paying for the goods Has 30 days to decide whether you wanna keep the good or not 0 No fault risk of loss event 0 0 Good are damaged or lost while in your possession Risk of loss buyer 0 Sale of approval 0 GOOD Applies to sports equipment Send no money seller will ship equipment Buyer can return within 30 days and can get money back Risk of loss seller Is a condition precedent
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