Sales transactions: Evolution of modern sales and consumer law -- Concept of sale -- Formation of the contract -- Scope of the contract -- Seller's implied warranty obligations: title, quiet possession and freedom from encumbrances -- The Seller's implied obligations with respect to description, quality, fitness and sample -- Manufacturer's liability for defective goods: the privity problem -- Seller's delivery obligations -- Risk of loss and frustration of the contract of sale -- Property (title) aspects of the contract of sale -- Buyer's obligations and seller's remedies for buyer's breach -- Buyer's remedies for breach of seller's obligations -- Disclaimers and limitations of liability clauses -- Negotiable instruments and payment mechanisms: Negotiable instruments law -- Liability on negotiable instruments -- Sales financing and contract defences-consumer paper and the bea -- Cheques and the collection -- Allocation of forgery losses -- Payment system outside the bea -- Introduction to letters of credit -- Secured transactions in personal property: Security devices and the personal property security Act -- Validity and enforceability, attachment and perfection of the security interest -- The Registration system -- Perfected and unperfected security interests and rules of priority -- Fixtures, accessions, commingled goods and liens -- Transfer of collatera: sellers and buyers in the ordinary course of business -- Enforcement of the security interest