eBook: Prenkert, J. D., Barnes, A. J., Perry, J. E., Haugh, T., & Stemler, A. (2

eBook:
Prenkert, J. D., Barnes, A. J., Perry, J. E., Haugh, T., & Stemler, A. (2022). Business law: The ethical, global, and e-commerce environment (18th ed.). New York: McGraw-Hill Education.
Chapter 19 introduces the concept of the Uniform Commercial Code and how it applies to the domestic sale of goods. You will also learn about the terms of sales contracts and the significance of the passage of title of the goods. You will also learn about the risk of loss and how that risk can be mitigated by using certain contract terms.
• Chapter 19: Performance and Terms of Sales Contracts
Articles, Websites, and Videos:
This article accessible through the Post University Library contains information about commercial transactions.
• Drobnig, U. M. (n.d.). Commerical transaction. Britannica Academic.
Review this document for the current Incoterms 2020. The chart demonstrates the levels of risk associated with various terms.
• Basic overview of the Incoterms® 2020 rules. (2020). DHL.
This video explains “Incoterms” which are rules for international commercial shipments.
• Shipping Channel. (2018, December 4). What are incoterms? [Video]. YouTube.
This video explains “International Shipping 101.”
• Lumi. (2018, July 9). International shipping 101 [Video]. YouTube.
ASSIGNMENT INSTRUCTIONS
1) Imagine that you are the owner of a small jewelry store. A customer leaves a family heirloom with you for cleaning. By mistake, a salesperson sells the ring to another customer. How would you handle the situation? Now, imagine that you were the customer who purchased the ring for your fiancé. When the owner calls you to tell you about the situation, what do you do?
Regardless of whether you are an attorney arguing in court or a business stakeholder pitching to shareholders or a potential client, adding support for your argument from appropriate resources strengthens your content. For this discussion board, be sure to include a citation to an appropriate source that supports the point you are making. (HINT: Your textbook is a great source!)