Management and Organizational Studies 2275A/B Lecture Notes - Lecture 9: Consumer Protection, Price Fixing, Security Interest

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

Document Summary

The sale of goods act applies to every sale of goods. Contracts governed by the act ranges from purchasing groceries to buying antiques worth millions. Foundation of commerce in canada and most other places are the sale of goods. Sale of goods = relationship between buyers and sellers. This is another example where the law interferes with the contract to protect buyers and sellers. Not to services, intangibles, real property, gifts, leases, or licenses only goods. Historically, all the risks were on the buyer. Common law tried to balance this to increase successful trade and commerce, developed rules to protect buyers. Overtime, a number of these rules developed. In 1893, legislature in uk passed the sales of goods act. Put into statute what most of common law protected. Uk act has been amended numerous act. (cid:28630)(cid:28660)(cid:28673)(cid:28660)(cid:28663)(cid:28668)(cid:28660)(cid:28673) (cid:28646)(cid:28660)(cid:28671)(cid:28664)(cid:28678) (cid:28674)(cid:28665) (cid:28634)(cid:28674)(cid:28674)(cid:28663)(cid:28678) (cid:28628)(cid:28662)(cid:28679) (cid:28668)(cid:28678) (cid:28661)(cid:28660)(cid:28678)(cid:28664)(cid:28663) (cid:28674)(cid:28673) (cid:28612)(cid:28619)(cid:28620)3 u(cid:28638) (cid:28660)(cid:28662)(cid:28679), (cid:28660)(cid:28673)(cid:28663) (cid:28667)(cid:28660)(cid:28678)(cid:28673)"(cid:28679) (cid:28661)(cid:28664)(cid:28664)(cid:28673) (cid:28660)(cid:28672)(cid:28664)(cid:28673)(cid:28663)(cid:28664)(cid:28663)