Sale-Of-Goods-Act.pdf - 1 Which one of the following...

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Unformatted text preview: 1. Which one of the following statements concerning the Sale of Goods Act is false? (a) It can impose terms and conditions on the parties to a contract. (b) Provisions of the Act prevail over terms in the contract. (0) It applies to all situations where goods are bought and sold. (d) The statute embodies case law and complements normal mics of contract law. 2. The Sale of Goods Act applies to the sale of the following: (a) Negotiable instruments. . (b) Stocks and bonds. (c) Services. (d) All of these 3. To which one of the following contracts would the Sale of Goods Act not apply? (a) A verbal contract for the purchase of a printer where the. buyer has taken possession of the printer. (b) A contract for dinner at a restaurant. (c) A contract for a piano, to be paid over time. (d) A contract for the sale of shares in Starbucks Ltd. 4. A seller’s failure to deliver good title to the goods: ‘ (a) Does not discharge the buyer’s obligation to perform its obligations under the contract. (b) Is merely a breach of warranty? (c) Enables the purchaser to treat the contract as discharged. (d) Is never treated as a breach of condition 5. Which one of the following terms will be implied when it is not stipulated in the contract? (a) Freedom from any lien or encumbrance. (b) What can be done when the wrong quantity is delivered? (c) Payment of a reasonable price. (d) All of these. 6. To which of the following contracts would the Sale of Goods Act apply? (a) The purchase of a new computer monitor. (b) The purchase of an extended warranty on a COmputer (c)11|€ license of computer software (d) The leasing of a new a computcr: 7. Which of the following would be considered a sale of goods? (3) A coatract with a roofing company to put a new roof on your house. (b) A contract with a tailor for the making of a new suit. ,C) There may be an element of a sale of goods in each of the above. td) None of the above contracts concern goods 8. What are “unascertained goods"? (a) Unascenained goods are goods that need to be specifically ordered. (b) Unaseertained goods are goods that have not been paid for when the contract is made. (c) Unascertained goods are goods that are not usually stocked by the seller and are therefore unusual. (d) Unascertained goods are in effect all goods that are not specific. 9. Were “existing goods"? (a) Existing goods are goods that the seller has left over from a previous sale. (b) Existing goods are goods that are either owned or possessed by the seller. (c) Existing goods are goods that the seller knows exist but needs to order them specifically for the buyer. (d) Existing goods are goods that have already been manufactured and therefore exist. 10. What is meant by the term “specific goods”? (a) Specific goods are goods that are identified and agreed upon at the time a contract of sale is made. (b) Specific goods are goods that have been specifically made to fulfil the buyer's order. (c) Specific goods are goods that have a specific (rather than a general) use. (d) Specific goods are goods that the seller has had to order specifically for the buyer. 10.10 Review Questions Define goods. Explain it with suitable examples. Which documents are included under the document of title? Explain the concept of property with reference to goods. State briefly the essential elements of a contract of sale under the Sale of Goods Act 1930. Write the formation of contract of sale? Distinguish between a sale and an agreement to sell. in what ways does a sale differ from hire purchase? Distinguish between a sale and a bailment. The contract for work and skill are not included in the Sales of Goods Act. Explain. 10. What are the main features of the contract for work and skill? 9909999930:- Allswera for SelfAsseasment Questions 1- (d) 2. (d) 3. (a) 4. (d) 5- «0 tits) 7. (c) s. (d) 9. (b) 10. (a) ...
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  • Winter '15
  • ram,
  • Sale Of Goods Act

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