JD Supra

Sale Of A Contract: Ordinary v. Capital – Round Two

A couple of years ago, this blog carried an article that briefly considered whether the gain realized by a taxpayer on the sale of a contract should be treated as ordinary income or capital gain for ...
JD Supra

Second Department Holds That Material Term of Contract For Sale of Real Property (i.e., the Property Description) Was Too Indefinite To Enforce

This BLOG has written numerous times on issues related to contract formation. See, e.g., [here], [here], [here], [here] and [here]. Briefly stated, “[t]o create a binding contract, there must be a ...
Law

Incoterms, and the Transfer of Risk and Title in Sale of Goods Transactions

In 1936, the International Chamber of Commerce (ICC) developed a set of three-letter acronyms known as Incoterms for use in sale of goods contracts to allocate risk of loss and expenses between buyers ...
Law

The UN Convention on Contracts for the International Sale of Goods

Notwithstanding the fact that the UN Convention on Contracts for the International Sale of Goods (CISG) has been in existence and United States has been a signatory since the 1980s, as shown by the ...