Sales Law
Sales Law refers to the body of legal rules that govern the sale of goods and services. It outlines the rights and obligations of buyers and sellers, ensuring that transactions are conducted fairly and transparently. This area of law is primarily based on the Uniform Commercial Code (UCC) in the United States, which standardizes sales practices across different states.
Key components of Sales Law include the formation of contracts, the transfer of ownership, and the remedies available in case of breach. It also addresses issues like warranties, which guarantee the quality of goods, and the responsibilities of both parties in a sales transaction.