London School of Economics and Political Science (LSE)

Modules

123
Agency and commercial law

Prerequisite – 122 Introduction to the common law

Agency. The nature and creation of the principal and agent relationship and the scope of the agent’s authority. The position of the principal and agent vis-à-vis third parties; contracts and torts; passing of property by agents and the Factors Act, 1889. Rights and duties of principal and agent inter se. Termination of agency.

Sale of goods. The nature of goods, property and title, possession and delivery, risk and frustration. Contents of the contract, performance and remedies. The Sale of Goods Act, 1979. C.I.F., F.O.B. and other special forms of international sales. Bankers’ commercial credits.

Banking Law. Regulation of banking. The banker-customer relationship. Banks’ fiduciary duties and the doctrine of undue influence.