Lesson Notes By Weeks and Term - Senior Secondary School 3

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  4. Contract of sales of goods

Term: 1st Term

Week: 7

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:    Commerce

Topic:-      Contract of sales of goods

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Explain the meaning of sales of goods
  2. State the sales of goods contract of 1893
  3. State the features of contract of sales of goods
  4. Discuss the rights of the unpaid sellers and buyers

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on hire purchase and deferred payment

Students pay attention

STEP 2

EXPLANATION

She explains the meaning of contract of sales of goods

She states and explains the law of contract of sales of goods of 1893

 

Students pay attention and participates

STEP 3

DEMONSTRATION

She states the features of the contract of sales of goods

She further discusses the rights of the unpaid sellers and buyers

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

CONTRACT OF SALES OF GOODS

A contract of sale of goods is a contract whereby the seller transfers or

agrees to transfer the property in goods to the buyer for a money

consideration, called the price. There may be a contract of sale between

one part owner and another.

 

PROVISIONS OF THE LAW OF CONTRACT OF SALES OF GOODS(1893)

  1. Right of seller to sell.
  2. That the goods shall correspond with the description.
  3. That the goods must be of merchantable quality.
  4. That the goods shall be fit for a particular purpose.
  5. That the bulk of goods shall correspond with sample.
  6. That the goods shall be free from any encumbrance at the time property is to pass.
  7. That the goods shall be delivered and accepted.

 

CONTRACTUAL RULES FOR THE SALES OF GOODS.

  1. Existence of an agreement.
  2. Intention to create legal relations.
  3. Contractual capacity of parties.
  4. It must be supported by valuable considerations.

 

FEATURES OF THE CONTRACT OF SALES OF GOODS

  1. There must be agreement to transfer property in goods.
  2. The property may be transferred immediately under the contract or it

may be agreed to be transferred.

  1. There must be a buyer and a seller.
  2. There is money consideration on called price.

 

RIGHTS OF UNPAID SELLERS

  1. Right to lien.
  2. Right to stoppage in transit.
  3. Right to re-sell.
  4. Right to sue the buyer for the price.
  5. Right to sue buyer for non-acceptance.

 

RIGHT TO THE BUYER

  1. He can sue for non-delivery.
  2. He can sue to recover purchase price.
  3. Right to sue the specific performance.
  4. Right to repudiate the contract.

 

EVALUATION:   1. Explain the meaning of contract of sales of goods

  1. State and explain the law of contract of sales of goods 1893
  2. State the features of the contract of sales of goods
  3. Discuss the rights of unpaid sellers and buyers

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively