Assignments, discharge, remedies and sales contract formation Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 13-1. The Sale and Lease of Goods The Uniform Commercial Code (UCC), which contains the law of sales, has been adopted, either in whole or in part, by every state in…
Assignments, discharge, remedies and sales contract formation Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 12-1. Contracts and Third Parties Third parties are at times given benefits through a contract made between two other parties. Some contracts are made specifically to benefit a third party. Such…
Contractual elements: Capacity, legality and written contracts Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 11-1. The Statute of Frauds The Statutes of Frauds outlines six types of contracts that must be in writing to be enforceable. These include contracts that cannot be completed within one…
Contractual elements: Capacity, legality and written contracts Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 10-1. The Final Elements The third element essential to a legally effective contract is the legal ability to enter into a contractual relationship. This legal ability is known as capacity. Under…
Contractual elements: Offer, acceptance, mutual assent and consideration Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Describe the issues involved in cyber-payments Major Concepts 9-1 Requirements of Consideration The fifth element necessary to any valid contract is consideration. Consideration is the mutual exchange or promise to exchange benefits…
Contractual elements: Offer, acceptance, mutual assent and consideration Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 8-1 Mutual Assent and the Offer If certain requirements are met, the court will conclude that the parties intended to make and accept an offer. Mutual assent is created when…
Tort law and the essential elements of contracts Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 6-1 Tort Law Defined A tort is a private wrong that injures another person’s physical well-being, emotional health, property, or reputation. A person who commits a tort is called a…
Learning Objective After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 5-1 Definition and Classes of Crimes A crime is an offense against the public at large. As such, a crime threatens the peace, safety, and well-being of the entire community. For this reason, crimes are punishable by the…
The judicial process and criminal law and cyber crimes Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Describe the steps in a criminal prosecution Major Concepts 3-1 The Court System Courts are judicial tribunals that meet in a regular place and apply the laws in an attempt to…
Learning Objectives After reading this chapter, students should be able to accomplish the following objectives: Major Concepts 2-1 The Purpose and Operation of the Law The law consists of rules of conduct established by the government to maintain harmony, stability, and justice within a society. Ideally, the primary objectives of the law are to promote…
