Sales Contracts: Definition, Risks, and Remedies

This lecture covers the definition of sales contracts, including the obligations of the seller and buyer, the scope of international sales, and the risks involved for both parties. It also delves into the concept of warranty, the remedies available for breach of warranty, and the importance of form requirements in sales contracts. Furthermore, it discusses the mechanisms of representations and warranties in contracts, the importance of due diligence in verifying the condition of goods, and the legal implications of defects in purchased items. The lecture concludes with a case study on constructing requirements in a sales contract and the considerations for warranties and indemnities.