Commercial Law

The foundations of commercial law: the nature and sources of commercial law; basic concepts of personal property; some aspects of contract law; commercial contracts; agency in commercial transactions. Domestic sales: a brief history of sales law; the contract of sale - its nature and function; the passing of the property; risk and frustration; delivery; the statutory implied terms in favour of the buyer; rejection and its consequences; acceptance; the buyer's remedies for misrepresentation or breach by the seller; duties of the buyer and remedies of the seller for representation or breach; title conflicts between seller or buyer and third parties. Money, payment and payment systems: concepts of money and payment; instruments generally; bills of exchange; cheques and the duties of bankers in relation thereto; other instruments. Secured financing: the classification and characteristics of credit and security; the creation, enforcement and transfer of security rights; principles of perfection and priorities; the floating charge. Specific forms of secured business finance: general financing considerations; conditional sale and hire-purchase; the finance lease; financing against stock and receivables; guarantees. Corporate insolvency: principles of corporate insolvency law. International trade and finance: the characteristics and organization of international sales transactions; the Vienna Convention on International Sales; documentary sales; the financing of international trade; rights and duties of the sea carrier; conflict of laws. The resolution of commercial disputes: litigation; commercial arbitration. Envoi: final reflections.