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Ch 21: Sales & the Law

About This Chapter

Watch online video lessons to learn about buyer's damages, seller's right to cure, and more. Each lesson is accompanied by a short multiple-choice quiz you can use to check your understanding of these sales topics.

Sales & the Law - Chapter Summary and Learning Objectives

Let our instructors introduce you to the Uniform Commercial Code (UCC) and the law as it relates to transactions between buyers and sellers. Watch the videos to learn about contracts, the statute of frauds, warranties, and the right of perfect tender, among other topics. This chapter can help you understand the following:

  • Sellers' rights and responsibilities
  • Examples of buyer acceptance and rejection
  • Uses of express and implied warranties
  • Legal recourse available to buyers

Video Objective
UCC Contract Law: Requirements Describes offer and acceptance under the UCC.
Buyer Acceptance Under the Uniform Commercial Code Illustrates what represents an acceptance by the buyer under the UCC.
Buyer Rejection Under the Uniform Commercial Code Explains the 'perfect tender' rule and discusses rejection by the buyer in installment contracts.
Seller's Right to Cure Under the Uniform Commercial Code Provides examples of when and why a seller has the right to cure non-conforming goods.
Revocation of Acceptance Under the Uniform Commercial Code Describes when and how a buyer can revoke acceptance.
Meanings of UCC Contracts Examines proposals and additional terms as they relate to merchants and non-merchants. Explains which rules courts apply when differing terms exist in UCC contracts.
Statute of Frauds Under the UCC: Definition, Exceptions & Examples Shows when modifications can occur and explains when the statute of frauds applies to UCC contracts.
Warranties Under the Uniform Commercial Code Outlines the differences between express warranties and implied warranties of UCC contracts.
Buyer's Remedies Under the Uniform Commercial Code Discusses buyer's damages, cover, and specific performance in UCC contracts.
Seller's Remedies Under the Uniform Commercial Code Examines seller's damages and withholding rights.

10 Lessons in Chapter 21: Sales & the Law
UCC Contract Law: Requirements

1. UCC Contract Law: Requirements

The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including the necessary requirements to form a contract. This lesson explains offer and acceptance under the UCC.

Buyer Acceptance Under the Uniform Commercial Code

2. Buyer Acceptance Under the Uniform Commercial Code

The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including what constitutes a buyer's acceptance. This lesson explains acceptance by the buyer as defined by the UCC.

Buyer Rejection Under the Uniform Commercial Code

3. Buyer Rejection Under the Uniform Commercial Code

The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including the buyer's obligations. This lesson explains how and when a buyer may reject goods.

Seller's Right to Cure Under the Uniform Commercial Code

4. Seller's Right to Cure Under the Uniform Commercial Code

The Uniform Commercial Code's Article 2 covers contracts for the sale of goods. This includes the seller's right to cure, or correct, a delivery. This lesson explains when and why a seller has the right to cure nonconforming goods.

Revocation of Acceptance Under the Uniform Commercial Code

5. Revocation of Acceptance Under the Uniform Commercial Code

The Uniform Commercial Code's Article 2 covers contracts for the sale of goods. This includes revocation of acceptance. This lesson explains when and how a buyer can revoke acceptance of goods.

Meanings of UCC Contracts

6. Meanings of UCC Contracts

The Uniform Commercial Code, or UCC, allows a sales contract to exist even when the parties' contract terms differ. This lesson explains how additional or different terms are treated in UCC contracts, including the difference between merchant and non-merchant contracts.

Statute of Frauds Under the UCC: Definition, Exceptions & Examples

7. Statute of Frauds Under the UCC: Definition, Exceptions & Examples

A statute of frauds is a state law that applies to certain oral contracts. The Uniform Commercial Code includes a model statute of frauds, requiring written contracts in only a few situations. This lesson explains the UCC's statute of frauds.

Warranties Under the Uniform Commercial Code

8. Warranties Under the Uniform Commercial Code

The Uniform Commercial Code's Article 2 covers contracts for the sale of goods. Article 2 contains warranties included as part of the sale of goods. This lesson explains the difference between express warranties and implied warranties.

Buyer's Remedies Under the Uniform Commercial Code

9. Buyer's Remedies Under the Uniform Commercial Code

When a seller breaches a sales contract, the buyer will be entitled to certain remedies as outlined in the Uniform Commercial Code. This lesson explains a buyer's remedies under the UCC, including specific performance.

Seller's Remedies Under the Uniform Commercial Code

10. Seller's Remedies Under the Uniform Commercial Code

When a buyer breaches a sales contract, the seller will be entitled to certain remedies as outlined in the Uniform Commercial Code. This lesson explains a seller's remedies under the UCC, including a seller's withholding and reclaiming rights.

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