Law Of Commercial Transaction I

1. Understand the nature and sources of Sale of Goods Law in Nigeria.
2. Analyze the formation and essential elements of a contract of sale of goods.
3. Distinguish between conditions, warranties, and representations.
4. Explain the concept of passing property and its implications.
5. Identify the duties and remedies of sellers and buyers.
6. Understand special commercial contracts and payment devices.
7. Appreciate the different modes of carriage of goods.

13 weeks, about 66 hours in total. Yours will differ.

1. Week 1Module 1: Introduction

   • Unit 1: Meaning of commercial Law, Nature, Sources and Meaning of Sale of Goods · 3 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 hours

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

2. Week 2Module 1: Introduction

   • Unit 3: Formation of the Contract of Sale of Goods. · 4 hours

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

3. Week 3Module 1: Introduction

   • Unit 4: Essential Elements of a Contract of Sale of Goods · 4 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..

4. Week 4Module 2: Terms Of Contract And Exclusion Clause

   • Unit 1: Terms of Contract · 3 hours

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

5. Week 5Module 2: Terms Of Contract And Exclusion Clause

   • Unit 2: Terms Implied by Statutes · 4 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..

6. Week 6Module 2: Terms Of Contract And Exclusion Clause

   • Unit 3: Exclusion Clauses, Fundamental Terms and Fundamental Breach · 4 hours

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

7. Week 7Module 3: Passing of Property

   • Unit 1: The Concept of Property. · 3 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 hours

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

8. Week 8Module 3: Passing of Property

   • Unit 3: Factors Negating Application of Rule 1 of Section 18 · 6 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..

9. Week 9Module 3: Passing of Property

   • Unit 4 Passing of Property in Unascertained or Future Goods · 6 hours

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

10. Week 10Module 4:

    • Unit 1: Transfer of title by Non-Owner. · 6 hours

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

11. Week 11Module 4:

    • Unit 2: Special Exemption to the Doctrine of Nemo Dat Quo Non Habeat · 6 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..

12. Week 12Module 4:

    • Unit 3: Fundamental terms, Fundamental Breach and Exemption Clauses · 6 hours

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

13. Week 13Module 5 Duties and Remedies

    • Unit 1 Duties of the Seller. · 3 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 hours

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