This course (formerly titled Sales and Payment Systems) covers the law of sales as well as the special financing devices used in these transactions. After dealing with basic sales law doctrine, the course will focus on bringing together the law governing complex sales transactions. Doctrines covered include contract formation, warranties, remedies, performance and risk of loss under Article 2 of the Uniform Commercial Code. The course also covers the law of payment devices used in sales transactions, including documentary drafts and letters of credit. The payments law covered will include parts of Articles 4, 5, and 7 of the Uniform Commercial Code. Students who have taken the former Sales and Secured Transactions may not take this course. Students who take Sales and Sales Financing may take Secured Transactions or Commercial Law, but not both.
|This course is not currently scheduled.|