Commercial Transactions Sales & Payments

This course examines the law governing the domestic and international sale of goods as regulated by the Uniform Commercial Code and the UN Convention on Contracts for the International Sale of Goods ("CISG"), as well as the law and technology of payments. We will consider Article 3 (Negotiable Instruments) Article 4 (Bank Deposits and Collections) and consider how they inform discussions about modern decentralized money substitutes (fintech). Specific topics include acceptance and rejection of goods, contract interpretation in business transactions, formation of contract issues, including the issue of battle of forms, warranty liability, damage rules, risk of loss, and commercial impracticability. During this course, the solutions provided by the UCC and the CISG will be compared. The course will also deal with contracts concluded via electronic means, as well as modern and evolving centralized and decentralized payment technologies. Grading and Method of Evaluation: Final exam.