2843 - The Law of Purchase of Goods and the Law of Obligations
Course information
- Title
- The Law of Purchase of Goods and the Law of Obligations
- Course number
- 2843.19
- Academic year
- 2024-2025
- ECTS
- 10.00
- Level
- Bachelor
- Faculties
- History and Social Sciences
- Educations
- MA in Law
- Prerequisites
- Upper secondary education or the equivalent.
- Language of instruction
- Faroese
- Registration
- Students in a program are automatically enrolled. Students of a single subject, apply through the student affairs office lss@setur.fo
- Beginning date
- Tuesday, February 4, 2025
- End date
- Tuesday, May 27, 2025
Academic content
- Purpose
- 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.
- Content
- 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
- 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)
- Internal
- Grading scale
- 7-scale
- Exam date/dates
- Written examination will be held on the 5th of Juni
- Deadline for withdrawal from exam
- Friday, February 14, 2025
Academic responsibility and teachers
- Academic responsibility
- Bárður Larsen
- Teachers
- Brandur Ellingsgaard