Week 6 Notes, Part II
Week 6 Notes, Part II BSL485
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This 2 page Class Notes was uploaded by Zohar Peleg on Thursday February 19, 2015. The Class Notes belongs to BSL485 at The American University of Rome taught by Dr. Segal in Spring2015. Since its upload, it has received 80 views. For similar materials see Preventative Law in Business Law at The American University of Rome.
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Date Created: 02/19/15
Quiz 5 Special UCC Rules Chapter 5 Second Part Notes Void Title Rule 0 If someone buy from someone with void title that someone also has void title 0 Ex theif steals laptop and sells it to old lady Neither have title bc its stolen Voidable Title Rule 0 Owner of product voluntarily gives product to someone else Someone else tries to sell it to old lady Old lady has good title GFP o 2 requirements 0 payfairvalue o acknowledge ownership Merchant entrustment owner of good entrusts good to merchant for repair Merchant now has voidable title He sells your good mistakenly Owner cannot get good back Solution label good Shipping 0 Risk of loss 0 No fault in transit Shipment contract rule 0 Risk of loss will pass from seller to buyer as soon as the good are delivered to the buyer 0 Buyer has risk of loss Bill of Lading o Aka the contract itself 0 Law favors sellers Destination contract rule 0 Risk of loss doesn t pass to buyer until goods reach their destination 0 Seller has risk of loss Online transactions 0 Amazon is a shipment contract Duties of seller amp buyer 0 Seller 0 Has duty to ship conforming goods 0 Buyer 0 Accept the goods 0 Pay the buyer Cases 0 Pruite vs Funding 0 Items were sold on sale of approval 0 Items were returned stamps o Morer v Decan company pg211 in textbook 0 Contract did not specify risk of loss 0 Buyer never received goods
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