United Kingdom commercial law
United Kingdom commercial law is the law which regulates the sale and purchase of goods and services, when doing business in the United Kingdom.
History
[edit]
Foundations
[edit]Personal property
[edit]Contracts
[edit]Agency
[edit]In the case of Watteau v Fenwick,[1] Lord Coleridge CJ on the Queen's Bench concurred with an opinion by Wills J that a third party could hold personally liable a principal who he did know about when he sold cigars to an agent that was acting outside of its authority. Wills J held that "the principal is liable for all the acts of the agent which are within the authority usually confided to an agent of that character, notwithstanding limitations, as between the principal and the agent, put upon that authority." This decision is heavily criticised and doubted,[2] though not entirely overruled in the UK. It is sometimes referred to as "usual authority" (though not in the sense used by Lord Denning MR in Hely-Hutchinson, where it is synonymous with "implied actual authority"). It has been explained as a form of apparent authority, or "inherent agency power".
- Hely-Hutchinson v Brayhead Ltd [1968] 1 QB 549
- Creation and authority of agents
- Disclosed and undisclosed agency
- Agent duties and rights
- Termination of agency
Sale of goods
[edit]Sale of Goods Act 1979
[edit]- Sale of Goods Act 1979, the primary statute applicable to the sale of goods.
Property passing and delivery
[edit]Terms, acceptance and rejection
[edit]Remedies and duties
[edit]- United Nations Convention on Contracts for the International Sale of Goods
- UNCITRAL Model Law on International Commercial Arbitration
Bills of exchange and banking
[edit]Assignment and receivables
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International sales
[edit]- United Nations Convention on Contracts for the International Sale of Goods
- Free alongside ship contract
- Free on board contract
- Cost, insurance, freight contract
Commercial credit and security
[edit]Possessory security
[edit]Non-possessory security
[edit]Guarantees
[edit]Insurance law
[edit]Insolvency law
[edit]See also
[edit]- International commercial law
- Islamic Commercial Law
- UK competition law
- UK labour law
- UK company law
- European Union Value Added Tax
- Bill of lading
- Principal (commercial law)
- Centre for Commercial Law Studies
Notes
[edit]References
[edit]- L Sealy and RJA Hooley, Commercial Law: Texts, Cases and Materials (4th edn OUP, Oxford 2008)
- Roy Goode, Commercial law (3rd edn Penguin, London 2004)
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