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LAW331Law4 Unitsintermediate

Law Of Commercial Transaction I

This course introduces students to the fundamental principles of commercial transactions, focusing primarily on the Sale of Goods Law. It covers the nature, sources, and meaning of sale of goods, contract formation, essential elements, and terms. Students will explore conditions, warranties, exclusion clauses, and the concept of passing property. The course also examines the duties and remedies of sellers and buyers, special commercial contracts, payment devices, and carriage of goods by air, sea, and land.

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208h

Study Time

13

Weeks

16h

Per Week

none

Math Level

Course Keywords

Sale of GoodsCommercial LawContract LawProperty LawCommercial Transactions

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

📚

Math Level

No Math

📖

Learning Type

Theoretical Focus

Course Topics

Key areas covered in this course

1

Commercial Law

2

Sale of Goods Act

3

Contract Formation

4

Terms of Contract

5

Passing of Property

6

Duties and Remedies

7

Carriage of Goods

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Legal Counsel

Apply your skills in this growing field

Contract Manager

Apply your skills in this growing field

Commercial Lawyer

Apply your skills in this growing field

Business Consultant

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

International TradeSupply Chain ManagementRetailManufacturingLogistics

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Introduction

5h

Unit 1: Meaning of commercial Law, Nature, Sources and Meaning of Sale of Goods

3 study hours

•Define commercial law and sale of goods.
•Identify sources of Sale of Goods Law in Nigeria.
•Distinguish sale of goods from other transactions.

Unit 2: Sale of Goods distinguished from Other Commercial Transactions

2 study hours

•Compare and contrast sale of goods with exchange, bailment, hire purchase, gift and loan.
•Analyze the key differences in property transfer and consideration.

Week

2

Module 1: Introduction

4h

Unit 3: Formation of the Contract of Sale of Goods.

4 study hours

•Examine capacity to buy and sell.
•Understand the elements of offer, acceptance, and consideration.
•Differentiate between offer and invitation to treat.

Week

3

Module 1: Introduction

4h

Unit 4: Essential Elements of a Contract of Sale of Goods

4 study hours

•Identify the essential elements of a contract of sale of goods.
•Understand the concept of price and goods.
•Distinguish between existing, specific, and future goods.

Week

4

Module 2: Terms Of Contract And Exclusion Clause

3h

Unit 1: Terms of Contract

3 study hours

•Distinguish between a term of the contract and a mere representation.
•Understand express terms, conditions, and warranties.

Week

5

Module 2: Terms Of Contract And Exclusion Clause

4h

Unit 2: Terms Implied by Statutes

4 study hours

•Examine the terms implied by statutes.
•Understand the relevance of time, title, description, and fitness for purpose.
•Analyze merchantable quality and sale by sample.

Week

6

Module 2: Terms Of Contract And Exclusion Clause

4h

Unit 3: Exclusion Clauses, Fundamental Terms and Fundamental Breach

4 study hours

•Define exclusion clauses, fundamental terms, and fundamental breach.
•Understand the limitations and applications of exclusion clauses.

Week

7

Module 3: Passing of Property

6h

Unit 1: The Concept of Property.

3 study hours

•Explain the concept of property and its transfer to the buyer.
•Differentiate between property and possession.

Unit 2: Passing of property in Specific Goods.

3 study hours

•Understand the rules for passing property in unconditional sales of specific goods.
•Analyze the requirements for an unconditional contract and deliverable state.

Week

8

Module 3: Passing of Property

6h

Unit 3: Factors Negating Application of Rule 1 of Section 18

6 study hours

•Understand rules on passing of property in conditional sale of specific goods.
•Apply rules 2, 3, and 4 of Section 18.
•Examine factors negating application of Rule 1 of Section 18.

Week

9

Module 3: Passing of Property

6h

Unit 4 Passing of Property in Unascertained or Future Goods

6 study hours

•Understand passing of property in unascertained or future goods.
•Analyze the conditions for property transfer.
•Examine the role of delivery to a carrier.

Week

10

Module 4:

6h

Unit 1: Transfer of title by Non-Owner.

6 study hours

•Explain the nemo dat quod non habet principle.
•Understand the general exception of sale under agency.

Week

11

Module 4:

6h

Unit 2: Special Exemption to the Doctrine of Nemo Dat Quo Non Habeat

6 study hours

•Examine the special exceptions to the nemo dat doctrine.
•Understand estoppel, sale by a person with voidable title, and sale by a seller/buyer in possession.

Week

12

Module 4:

6h

Unit 3: Fundamental terms, Fundamental Breach and Exemption Clauses

6 study hours

•Understand transfer of contract and exemption clauses.
•Analyze fundamental terms and exemption clauses.

Week

13

Module 5 Duties and Remedies

6h

Unit 1 Duties of the Seller.

3 study hours

•Understand the duties of the seller.
•Analyze duty to deliver goods at the right time and pass a good title.
•Examine duty to supply goods of the right quantity and quality.

Unit 2 – Duties of the Buyer.

3 study hours

•Understand the duties of the buyer.
•Analyze duty to pay the price and accept the goods.
•Examine acceptance and examination processes.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create detailed outlines for each module, focusing on key definitions and principles.

2

Practice applying the Sale of Goods Act to hypothetical scenarios.

3

Review landmark cases related to passing of property and breach of contract.

4

Develop flowcharts to illustrate the duties and remedies of sellers and buyers.

5

Focus on understanding the exceptions to the nemo dat quod non habet rule.

6

Prepare concise summaries of each unit, highlighting key concepts and legal principles.

7

Practice essay questions on contract formation, terms, and remedies.

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