SCMA 323 Lecture 22: SCMA 323 Lecture 22 (F, Mar 24)
6 Apr 2017
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10 page paper for extra credit (due in three weeks) Chapters from here on out: 19, 22, 23, 29, 30, 36, 37, 47, 48, 49, 52, 53: try to stay two chapters ahead. Law (set of laws) developed by the commission on uniform state laws: state laws control commerce (not federal laws, came up with a suggested code to set up laws dealing with contracting relationships. The passing of title to goods from a seller to buyer for a price. Not just possession: not lending someone something, complete transfer of title. Must be distinguished from services (deals with sale of goods but not sale of services) Must be from a seller to a buyer: Open terms: open priced, open payment. Party to sale contract s not agreed, it is to be read like it is new at the time and ay place that buyer receives goods: open delivery, open time, open assortment.
