Management and Organizational Studies 2275A/B Lecture Notes - Lecture 9: Collection Agency, Unsecured Creditor, Secured Creditor

15 views8 pages

Document Summary

Sale of goods legislations comes from england through evolution. Buyers used to be responsible for their own protection law generally favoured sellers. Law realized that it wasn"t fair to buyer. Law also realized that if goal was to promote trade/commerce, no protection to buyers means that they"ll stop spending: frightening people away from trading, need to provide buyers with enough protection that they"re enthusiastic participants in marketplace. Evolution towards protection to buyers happened in form of implied terms in sale of goods contracts. Obsolete because hasn"t been updating since 1930s before invention of car. Sale of goods act applies to every sale of goods. Doesn"t apply to things which aren"t goods : doesn"t apply to real estate, intangibles, services, receivables, intellectual property, etc . Doesn"t apply to anything that isn"t a sale: sale transfer of title/ownership in exchange for $ Only applies to side that receives $ for tablet.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents