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ES 6 UNDERSTAND SALES, CONSUMER, PROPERTY, AND CYBER LAWS

ES 6 UNDERSTAND SALES, CONSUMER, PROPERTY, AND CYBER LAWS. 6.01 Understand sales law. SALES LAW & EXCHANGE OF OWNERSHIP. Sales Activity List 5 items you bought in the last week. List 2 “large” purchases your family has made in the last 2 years. . SALES LAW & EXCHANGE OF OWNERSHIP.

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ES 6 UNDERSTAND SALES, CONSUMER, PROPERTY, AND CYBER LAWS

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  1. ES 6 UNDERSTAND SALES, CONSUMER, PROPERTY, AND CYBER LAWS

    BB30 Business Law 6.01 Summer 2013

  2. 6.01 Understand sales law

    BB30 Business Law 6.01 Summer 2013
  3. SALES LAW & EXCHANGE OF OWNERSHIP BB30 Business Law 6.01 Summer 2013 Sales Activity List 5 items you bought in the last week. List 2 “large” purchases your family has made in the last 2 years.
  4. SALES LAW & EXCHANGE OF OWNERSHIP BB30 Business Law 6.01 Summer 2013 Using the list of the items in the Sales Activity: Did ALL of those constitute a sale? What is the definition of a sale? What did you do with the product? What is the definition of ownership? Were they goods or services? Did money exchange hands for these items? If you didn’t have the money to buy the item, how could you change ownership?
  5. SALES LAW & EXCHANGE OF OWNERSHIP BB30 Business Law 6.01 Summer 2013 E-commerce laws E-commerce – conducting business using electronic means, especially the Internet Jurisdictional issues – which state has jurisdiction in cases involving sellers & buyers in different states? The ability to access a website in a particular state does not, by itself, give that state jurisdiction States may gain jurisdiction over e-commerce transactions if the website allows users to purchase merchandise Example: Amazon.com - jurisdiction lies with the state in which the buyer resides Tax issues – jurisdiction helps to determine which state may tax Internet sites, and how buyer may be taxed Authentication – helps to make certain that buyers and sellers are who they say they are Digital signature – encoded message that appears at the end of a contract created online
  6. UNIFORM COMMERCIAL CODE BB30 Business Law 6.01 Summer 2013 Group Activity: Create a one page summary of the UCC. Include: General Information (First published, definition, goal/purpose) Specific Information (leasing goods, contracts for goods/services, special rules) Why is it important?
  7. TRANSFER OF OWNERSHIP BB30 Business Law 6.01 Summer 2013 Payment vs. Delivery vs. Receipt of Goods What is the proof? Vendor vs. Vendee vs. Merchant vs. Casual Seller Unconscionable Contract vs. Statute of Frauds
  8. TRANSFER OF OWNERSHIP BB30 Business Law 6.01 Summer 2013 Authorized Person vs. Buyers in a Sale Induced by Fraud vs. Holders of Negotiable Instruments vs. Merchants with Possession of Sold Goods
  9. TRANSFER OF OWNERSHIP BB30 Business Law 6.01 Summer 2013 Existing Goods vs. Identified Goods vs. Future Goods
  10. When does ownership transfer? BB30 Business Law 6.01 Summer 2013
  11. RISK OF LOSS When does risk of loss transfer? You purchase a used car on autotrader.com from a dealer in Atlanta. While the car is being driven to North Carolina it slides off the road and is damaged. What is type delivery terms will protect you in this transaction? BB30 Business Law 6.01 Summer 2013
  12. RISK OF LOSS Types of Sales/Transfer of Rights? BB30 Business Law 6.01 Summer 2013
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