Management and Organizational Studies 2275A/B Chapter Notes - Chapter 23: The Seller, Institute For Operations Research And The Management Sciences, Signify

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

Document Summary

Module 7: the sale of goods, consumer protection and. The fundamental laws affecting sales are the common law principles of contract and tort law, also statutes, both federal and provincial, that apply to the sale and marketing of goods. Also, if a business sells its products internationally or purchases goods from foreign sellers, the business may be subject to the laws of other countries and affected by rules governing the international sale of goods. One of the purposes of business law is to promote trade and commerce; in order to achieve that goal, the law takes a role in transactions involving the sale of goods. The contract of sale is the legal foundation for every sale of goods transaction. The terms of the contract relating to the sale. The transfer of ownership of the goods to the buyer. The terms relating to payment and delivery. The remedies for breach of the contract.