Welcome to Sales
This course covers contracts for the sale of goods under Article 2 of the Uniform Commercial Code, as supplemented by the common law of contracts. All crucial aspects of these contracts are addressed, including Article 2’s scope, contract formation, etc.
Transcript
Welcome to Sales! This course features 26 lesson videos divided into eight chapters. Designed for 2Ls and 3Ls, this course covers contracts for the sale of goods as governed by Article 2 of the Uniform Commercial Code, or UCC, and as supplemented by the common law of contracts.
Chapter two introduces Article 2 and lays the foundation for this course. First, we’ll learn about the scope of Article 2. Then, we’ll define several key terms of art used in Article 2.
Chapter three covers the formation and modification of sales contracts. We’ll discuss Article 2’s rules on offer, acceptance, and consideration, as well as the rules on contract modification. Then, we’ll consider how Article 2 determines the substance of the parties’ contract using the so-called battle-of-the-forms approach. And finally, we’ll conclude with an examination of Article 2’s specialized statute of frauds and parol evidence rule.
In chapter four, we’ll learn about various rules crucial to determining the nature and scope of the parties’ obligations in a contract for the sale of goods. We’ll discuss Article 2’s gap-filler provisions as well as several additional interpretive devices, such as the rule of unconscionability and course of performance, course of dealing, and usage of trade.
Chapter five examines the rules to determine whether the parties have performed their obligations. The chapter begins with an overview of the perfect-tender rule and the seller’s right to cure a nonconforming tender. Then, we’ll learn about the buyer’s right to inspect the goods. And finally, we’ll discuss how a buyer can accept or reject goods.
Chapter six provides an overview of breach, repudiation, and excuse. Specifically, we’ll delve into the special rules that apply if a party anticipatorily repudiates their contractual obligations or if reasonable grounds for insecurity arise short of anticipatory repudiation. Then, we’ll explore how a seller’s performance may be excused by impracticability.
Chapter seven unpacks warranties. We’ll consider what a warranty is as well as express contractual warranties and the two warranties implied by law under Article 2: the implied warranty of merchantability and the implied warranty of fitness. Then, we’ll conclude the chapter by discussing how parties can exclude or modify warranties.
Our eighth and final chapter covers the key remedies provided by Article 2. The chapter begins by covering the remedies available to sellers. And finally, we’ll conclude our course by learning about the buyer’s remedies.
If you watch all the lesson videos in this course, you’ll gain a deeper understanding of contracts for the sale of goods and Article 2. Let’s get started!