TAILIEUCHUNG - Lecture Business law: The ethical, global, and e-commerce environment (13/e): Chapter 22 - Mallor, Barnes, Bowers, Langvardt

Chapter 22 provides knowledge of remedies for breach of sales contracts. In this chapter, you will learn: Discuss meaning of liquidated damages and cover, and when UCC allows enforcement; list and describe UCC remedies for an injured buyer or seller; describe damages available to injured buyer, including specific performance. | Sales Formation & Terms Product Liability Performance of Sales Contract Remedies for Breach of Sales Contracts 4 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Remedies for Breach of Sales Contracts P A E T R H C 22 “Every great mistake has a halfway moment, a split second when it can be recalled and perhaps remedied.” Pearl S. Buck, novelist, What America Means to Me (1943) Learning Objectives Agreements as to remedies Seller’s remedies Buyer’s remedies 22 - Parties may agree contractually to remedies Liquidated damages clause: parties agree on amount of damages to pay to injured party Limitation or exclusion clause: parties agree to limit either the remedies available by law or the damages that can be covered [2–719(1)] See Star-Shadow Productions, Inc. v. Super 8 Sync Sound System Agreements as to Remedies 22 - Agreed remedy applied in the event of a breach of contract to reduce risk Example: “If delivery is not made by .

• Quản trị kinh doanh
• Liquidated damages
• Sales contracts
• Business law
• Business ethics
• E commerce environment
• Regulation of business
• Contract management
• Liquidated delay damages
• The extension of time
• Contractor’s claim
• Crowdsourced arbitration
• Smart contract
• Construction Law
• Dominion Law
• Exchequer Reports
• Law Commission
• Consultation Paper
• Federal regulation of firms
• State regulation of firms
• Business and society
• Business Government and Regulation
• The Roles of Government and Business
• Interaction of Business
• The Influences of Government
• Dynamic business law
• Lecture Dynamic business law
• Legal environment of business
• Securities regulation
• Exchange commission
• Disclosure laws
• Environmental regulation
• Agency enforcement
• Nature of corporations
• Sole proprietorship
• Forms of business
• Bankruptcy plan
• Bankruptcy code
• Negotiable instruments
• Pay money
• Due course
• Effects of indorsement
• Liability of parties
• Warranty liability
• Check collection
• Electronic funds transfers
• Agency relationship
• Agency authority
• Contract liability of agent
• Implied warranty of authority
• General duties
• Management powers
• Partners joining partnership
• Nonwrongful dissociations
• Limited liability companies
• Limited partnerships
• Preincorporation contracts
• Financing corporations
• Management of corporations
• Corporate powers
• Shareholders’ rights
• Shareholders’ liabilities
• Professional responsibilities of auditors
• Securities professionals
• Administrative law
• Investigative power