SALES OF PERSONAL PROPERTY. Commercial sales Installment sales Sales by sample DOMESTIC LAW TURKISH CODE OF OBLIGATIONS, 6098 (Swiss Law) TURKISH COMMERCIAL.

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1 SALES OF PERSONAL PROPERTY

2 Commercial sales Installment sales Sales by sample DOMESTIC LAW TURKISH CODE OF OBLIGATIONS, 6098 (Swiss Law) TURKISH COMMERCIAL CODE, 6102 LAW ON CONSUMER PROTECTION

3 INTERNATIONAL LAW UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS/VIENNA CONVENTION, 1980 (CISG)

4 Article 1Madde 1 (1) This Convention applies to contracts of sale of goods between parties whose places of business are in different States: (1) Bu Antlaşma, işyerleri farklı devletlerde bulunan taraflar arasındaki mal satımı sözleşmelerine, (a) when the States are Contracting States; or (a) bu devletlerin âkit devletlerden olması veya (b) when the rules of private international law lead to the application of the law of a Contracting State. (b) milletlerarası özel hukuk kurallarının âkit bir devletin hukukuna atıf yapması halinde uygulanır. (2) The fact that the parties have their places of business in different States is to be disregarded whenever this fact does not appear either from the contract or from any dealings between, or from information disclosed by, the parties at any time before or at the conclusion of the contract. (2) Tarafların işyerlerinin ayrı devletlerde bulunması olgusu sözleşmeden veya sözleşmenin akdi sırasında veya öncesinde gerçekleşmiş olan görüşmelerden veya verilmiş olan bilgilerden anlaşılmadıkça dikkate alınmaz. (3) Neither the nationality of the parties nor the civil or commercial character of the parties or of the contract is to be taken into consideration in determining the application of this Convention. (3) Bu Antlaşmanın uygulanmasında ne tarafların vatandaşlığı, ne tacir olup olmadıkları, ne de sözleşmenin adî veya ticarî nitelikte olması dikkate alınır.

5 As of January 2013, UNCITRAL reports that 78 States have adopted the CISG. Türkiye Accession 07/07/2010 Entry into 1/08/2011

6 SELLER (VENDOR)--------------------BUYER (VENDEE/PURCHASER) DEFINITION Contract of sale is a contract in which the seller is obligated to deliver the property sold to the buyer and to transfer ownership (title) to him in exchange for payment of the agreed price.

7 RETAILER<----------------------  WHOLESALER/MANUFACTURER PROPERTY Personal property/movable goods (menkul/taşınır mal) Immovable goods (taşınmaz mal/gayrimenkul)

8 Basıc elements of a sales contract a)Subject matter b)Exchange c)Transfer of ownership d)Formal requirements

9 TRANSFER OF OWNERSHIP - Actual (physical) delivery of the subject matter - Delivery of a document of title or ownership (warehouse receipt-bill of lading (B/L)) OBLIGATIONS OF THE SELLER A.Delivery and Transfer of Ownership B.Cost of Shipment C.Warranty of Title D.Warranty Regarding Defects

10 A CONDITIONAL SALE (Mülkiyeti muhafaza kaydı ile satış) Contract + delivery of the property: Owner= The Seller INTERIM DELIVERIES……FINAL/ACTUAL DELIVERY The rights of the buyer: - a right to inspect the goods - to send a notice to seller regarding defects

11 THE OBLIGATIONS OF THE BUYER A.To take delivery B.Default of the buyer

12 BENEFITS AND RISKS