Management and Organizational Studies 2275A/B Chapter Notes - Chapter 16: Consumer Protection, The Seller, Unconscionability

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Susan Toth

Document Summary

Sales and consumer protection: remedies on default, seller"s remedies, seller"s lien: a seller who holds the goods has a lien against a defaulting purchaser. Stoppage in transit: the seller can also recover the goods if when the goods are delivered, within 30 days, the buyer becomes bankrupt. Has a claim over the buyers secured creditors: the seller must give notice before reclaiming the goods that were not paid for. B: statutes are in place from the un convention that give international transactions a. !1: an offer arises when a suf ciently detailed proposal to contract is directed to one or more speci c people and there is an intention to be bound. Tribunal: the competition commissioner functions like a prosecutor, bringing matter before the. Tribunal: the competition act is able to control mergers (to stop monopolies, when foreign investment is involved it is required to be looked at by the investment.