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

69 views6 pages





 
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, %" '
" 
Unlock document

This preview shows pages 1-2 of the document.
Unlock all 6 pages and 3 million more documents.

Already have an account? Log in
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: 
 "

Unlock document

This preview shows pages 1-2 of the document.
Unlock all 6 pages and 3 million more documents.

Already have an account? Log in

Document Summary

Implies missing terms that parties didn"t think to include in sale contract. Parties can override these provisions in their agreements. Soga applies where goods are sold; requires money to be paid. Soga doesn"t apply to services: if mix of goods of services, soga applies when transaction primarily for. In soga, risk follows title the good the loss: whoever has the title to the goods when they are damaged must ear. If time has been set to return the goods, title passes at the expiration of that time. If no time set, title passes after reasonable amount of time. Notice not required; assent or approval can be applied. Consists of conditions (major terms) and warranties (minor terms) Good title: implied condition that seller deliver good title to goods to purchaser, ie: not stolen. Quiet possession: implied warranty that goods have to be usable as intended, without interference from seller.

Get access

Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
Booster Classes
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
Booster Classes