Commercial Transactions in GoodsClass Term:
Spring Term 2019-2020Catalog Number:
3 (3 Contact, 0 Field)Priority:
General Enrollment CourseFull Year Course:
Professor Flechtner’s section of the course also includes substantial coverage of the United Nations Convention on the International Sale of Goods (“CISG” – in force in the United States since 1988), modest coverage of UCC Article 2A on Leases of Goods, and limited coverage of a federal consumer protection statute, the Magnuson Moss Warranty Act, applicable to transactions in consumer goods.
50% of the course grade will be based on the results in six 15-minute quizzes given at various times throughout the semester. The other 50% will be based on a 90 minute in-class final exam.
This course explores the primary U.S. legislation governing agreements to transfer an interest in goods -- Article 2 of the Uniform Commercial Code. It emphasizes aspects of UCC Article 2 that are not covered in the first year contracts course. Subjects covered include applicability of Article 2, selected contract formation rules; warranties; acceptance, rejection and revocation of acceptance of goods; risk of loss; excuse for failure to perform; and remedies for breach.