2843 - The Law of Purchase of Goods and the Law of Obligations
Course information
The Law of Purchase of Goods and the Law of Obligations
Course number
Academic year
History and Social Sciences
Bachelor of Law
Upper secondary education or the equivalent.
Language of instruction
The course is taught in Faroese. The textbooks are in Danish and other instructional materials are in Scandinavian languages, Faroese and English. Presentations, discussions etc. are in Faroese.
Students on the fourth semester of Bachelor of Law are automatically enrolled. Applicants for an individual course must apply via the Faculty of History and Social Sciences Office.
Beginning date
Thursday, February 2, 2023
End date
Thursday, June 1, 2023
Academic content
The purpose of the course is to give the students knowledge and competences, as expounded further below, in the law of the purchase of goods and the law of obligations.
Learning outcomes
After completion of the course the students shall among other things be able to: - Explain important rules within the area of the law of obligations and the law of the purchase of goods and how they are interrelated. -Expain the underlying considerations behind and rationales for important concepts and rules within the law of obligations and the law of the purchase of good. -Identify problems regarding the law of obligations and the law of the purchase of good in particular cases and conflicts. -Analyse and evaluate arguments for and against different solutions of such cases and conflicts and to make well reasoned proprosal on how to solve them. - Present and formulate knowledge and arguments on the law on purchase of goods and law on obligations correctly and succinctly in eloquent and correct language.
The course is divided into two parts, one on the law of obligations in general and one on the law of the purchase of goods in particular. The part on the law of obligations in general, covers amongst others the following subjects: -The Debts Securities Act. -Various kinds of securities. - Monetary claims and how these are to be fullfilled, in which amounts, of which quality and when. - Defaults on the count of either the debtor or creditor, such as delays of delivery or defiencies with the delivered items. -The rights of the debtor and creditor to demand the correct delivery in connection with defaults. - Liability and indemnity. - The change of debtors or creditors. -Offsetting. -Deposits. -Interest. -The limitation period for legal claims. The law of the purchase of goods consists of amongst other things: - The statute on the purchase of goods and the purchase agreement. - The sellers obligation to deliver goods and the consequence of a default on his part, especially regarding deficency in the good, delivery delays and the right of the purchaser when such a default occurs. - Defaults on the part of the purchaser and the sellers rights in the case of such a default. - When the liability concerning goods is transfered from the seller to the purchaser. - The purchase of consumer goods.
Learning and teaching approaches
Approx 40 hours. The course consists of lectures, student presentations, critical discussion and application of assigned readings.
Assessment method
A multiple-choice exam early in the course will constitute 30% of the grade. A final written 4-hour exam at the end of the course will count for 70%. It is a precondition for attending the final written exam that the multiple-choice exam is passed, assessed as a separate exam, and it is further a precondition for passing the course as such that also the final written exam is passed, assessed as a separate exam. Only one grade will be given for both exam components.
Examination (internal/external)
Grading scale
Exam date/dates
The multiple choice exam is set for 13 April 2023 and the written exam is set for 23 June 2023.
Deadline for withdrawal from exam
Thursday, February 16, 2023
Academic responsibility and teachers
Academic responsibility
Bárður Larsen
Bárður Larsen