MOS 2275 Business Law.docx
DepartmentManagement and Organizational Studies
Course CodeMOS 2275A/B
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MOS 2275 Business Law
SGA – Sale of Goods Act
Sale: Title changes hands in exchange of money
•Does not apply to leases and licenses, loan of goods, collateral in goods.
•Must be for money, so a barter is not in the act.
Goods: tangible, personal property
•Does not apply to intangibles, so shares or properties
•Money is intangible – it is symbolic
Distinction between goods and services
•A lot of transactions are between goods AND services
G versus White spot
Always applies in consumer transaction.
Sometimes applies in business transaction.
oRight to sell
oFit for purpose
oPayment + delivery
Title + Risk
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