Commercial Law

Part One: The Legal Framework. The nature and sources of commercial law. Principles of contract law. Part Two: Arranging the Transaction: The Law of Agency. Agency. The authority of the agent. Relations with 3rd parties. Principal & agent. Part Three: The Sale and Supply of Goods. Background to the Sale of Goods Act. The contract of sale and the classification of transactions. Duties of the parties. Delivery. The conditions of the goods and statutory implied terms. The buyer's remedies. Manufacturers and product liability. The duty to pass a good title. The passing of property. Risk, mistake and frustration. Who can pass title? The buyer's duties and the seller's remedies. Contracts for services. Part Four: Financing the Transaction. Financing the transaction. The development and regulation of credit. Regulated agreements. Control of credit agreements. Money and the transfer of obligations. Bills of exchange. Banks and their customers. Bank payment orders. Commercial credit and security. Part Five: International Trade. The nature and structure of international trade. Bills of lading. International sale contracts. Financing international trade. Part Six: Protecting the Transaction. Insurance. Resolution of commercial disputes.