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The Sale of Goods Flashcards | StudBud
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The Sale of Goods
The Sale of Goods
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206 plays
All about "The sale of Goods"
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
What does "c.i.f." mean"?
Contents, intercalate, freight
Cost, insurance, forward
Chock, inset, forward
Cost, insurance, freight
2
Which item DOES the act cover?
Land
Banking
Furniture
Cars
3
"A promise from a manufacturer to repair its product" is considered what warranty?
Manufacturers Warranty
Sellers Warranty
Buyers Warranty
4
When would it not be appropriate for the contract between seller and buyer to be revoked?
Buyer no longer wants the product
Seller breaches a condition of the contract
Seller misrepresents the product
5
How does the Sale of Goods act define "goods"?
Personal property such as books, furniture, and televisions
Standardized terms
Agreement whereby title is transferred to buyer in th future
6
Which is the "Basic Rule" of the Sale of Goods?
Title passes only after there has been a type of evaluation
Title to goods passes when the parties intend it to pass
Buyer may take the goods away in order to test them
7
Which of these is specifically stated in the contract?
The goods must be of a merchantable quality
Parties agree, seller bears risk until goods are on carrier
The goods must be fit for a particular purpose
The seller has the right to sell the goods
8
What government has responsibility to pass legislation to set out rules governing contracts?
Federal
Municipal
Provincial
9
The seller may resell the goods after notifying buyer and providing enough time to make payment
True
False
