Advanced Contracts: Commercial Transactions

Although definitions of commercial transactions vary, they generally concern a business enterprise's relationships with its customers, suppliers and creditors (typically, not with its investors or employees, and not relating to real property). This course builds on first-year Contracts by studying legal and business issues in commercial contracting for the provision of goods, services and information: such as franchise and distributorship agreements; mid-stream adjustments through modifications, waivers and course of performance; and the role of third parties (beneficiaries, assignees, guarantors and sureties, corporate affiliates). Elements used in grading: Class Participation, Final Exam. The exam will be in-class during the last week.