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Legal Aspects

2. Recent Legislation . Sale and Supply of Goods Act 1994Sale of Goods Amendment Act 1995Arbitration Act 1996Competition Act 1998Enterprise Act 2000. Late Payment of Commercial Debts (Interests) Act 1998Contracts (Rights of Third Parties) Act 1999Electronic Communications Act 2000 . 3. Recent

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Legal Aspects

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    1. 1 Legal Aspects Recent Legislation affecting the commercial buyer and the Law of Contract includes……...

    2. 2 Recent Legislation Sale and Supply of Goods Act 1994 Sale of Goods Amendment Act 1995 Arbitration Act 1996 Competition Act 1998 Enterprise Act 2000 Late Payment of Commercial Debts (Interests) Act 1998 Contracts (Rights of Third Parties) Act 1999 Electronic Communications Act 2000

    3. 3 Recent Legislation www.legislation.hmso.gov.uk/acts all 1988 onwards

    4. 4 The Sale and Supply of Goods Act 1994 The ‘79 Act has been amended merchantable quality is now satisfactory quality taking into account description, price, and other relevant facts satisfactory quality is: fit for purpose……. Condition and Warranty

    5. 5 Sale of Goods Contract Defined as ... a contract by which the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price. s2(1)

    6. 6 Definitions Seller - Buyer - Agreement to sell -transfer of property

    7. 7 Definitions Goods - Specific - your coat Unascertained - a tonne of coal Future - to be made Existing - at your factory

    8. 8 Sale of Goods Contract A contract of sale title is transferred immediately upon contract being made

    9. 9 Supply of Goods Act The Sale and Supply of Goods Act 1994 - (satisfactory quality) The Sale of Goods (Amendment) Act 1995 (passing of property)

    10. 10 section 11 A breach of any of the implied conditions will entitle the innocent party to .. Reject goods, treat contract as repudiated and claim damages.

    11. 11 section 11 A breach of an implied warranty will entitle the innocent party to .. claim damages.

    12. 12 title s12 The seller has a right to sell the goods - Condition

    13. 13 Rowland v Divall 1923

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