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Law of Procurement for Government and the Private Sector

Course ID#: MFC 424

Credits: 3

Course Description:

Analyzes not only the laws that regulate procurement in the public and private sector, such as the Uniform Commercial Code (UCC) and Federal Acquisition Regulations (FAR), but also those that regulate business relationships that arise from contractual agreements. Provides an overview of the legal basis and policy implications of the government's authority to enter into contracts for the acquisition of goods and services. Topics include contract types, methods of contracting, remedies for unsuccessful offers, contract modifications, terminations, inspection, acceptance and warranty, claims, and remedies. Social goals of the federal procurement law are contrasted with the utilization and substitution of the UCC. LEC

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