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Lecture 3

BUS 393 Lecture Notes - Lecture 3: Common Carrier, Encumbrance, Rigging


Department
Business Administration
Course Code
BUS 393
Professor
Richard Yates
Lecture
3

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




 
Goods/Chattels:   

o!"

#$
"Risk follows title
o%

CIF, FOB, COD, Bill of Lading &!
oCost, Insurance, Freight: 
"
oFree on Board:
'"(
oCash on Delivery:  

oBills of Lading: "
)*
"

%!"
 5 rules:
+, %' "
- 
.
/,  . "

0,  "

1, %"
'2 
"!2
" 2#

"(2
3, %" '
" 

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24

5 
678,7,
Good Title: 
"(
Quiet Possession:  
"
Free of Charge or Encumbrance:
9!:
Description/Sample:

Fitness and Quality: "
  2 
;2)262" durable for a
reasonable period of time
%"'

".!
 " 8 9

%" 
%'" 
Stoppage in transit: 

6*
Caveat Emptor:
<  =-

*
>?
 ' - 
.!
)
 
Unconscionable transactions: 
 "

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