Question 1

Explain the options that are available to the victim of a breach of a condition in the contract.

Accepted Answer

The victim of the breach can t

Question 2

For the purpose of building a playhouse for his sons,Andy went to Lumberlore Ltd.and bought,with his charge card and without talking to a salesperson,the following things: a drill,lumber,and a six-foot step ladder.While working on the project,Andy noted that the drill worked but it was not powerful enough to drill into the 4x4-inch posts the playhouse needed for support.When he went toward the house to get his car keys,he found his wife unconscious.She had used the ladder to take some leaves out of the gutter,and it buckled under her weight because of its faulty design.Which of the following is false?

Accepted Answer

A)  Andy would have an action against Lumberlore, Ltd. for breach of a condition of the contract for the ladder because it wasn't of "merchantable quality." 
B)  Andy would have an action against the seller for breach of a condition of the contract for the drill because it wasn't fit for his purpose. 
C)  Andy's wife would have an action against the manufacturer of the ladder in tort. 
D)  The sale of the items he bought is covered by the Sale of Goods Act although he used his charge card. 
E)  Title for the goods passed to Andy at the time of contract but that does not preclude him from his remedies. 
A)  Andy would have an action against Lumberlore, Ltd. for breach of a condition of the contract for the ladder because it wasn't of "merchantable quality." 
B)  Andy would have an action against the seller for breach of a condition of the contract for the drill because it wasn't fit for his purpose. 
C)  Andy's wife would have an action against the manufacturer of the ladder in tort. 
D)  The sale of the items he bought is covered by the Sale of Goods Act although he used his charge card. 
E)  Title for the goods passed to Andy at the time of contract but that does not preclude him from his remedies.

Question 3

Industry Canada was established under the Department of Industry Act.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following contracts would be covered by the Sale of Goods Act?

Accepted Answer

A)  a contract for the sale of a famous painting 
B)  a contract for medical services with a doctor 
C)  the trade of a car for a boat involving no money 
D)  the purchase of a house 
E)  the sale of corporate shares 
A)  a contract for the sale of a famous painting 
B)  a contract for medical services with a doctor 
C)  the trade of a car for a boat involving no money 
D)  the purchase of a house 
E)  the sale of corporate shares

Question 5

Explain what common law recourse there is against manufacturers when they manufacture a faulty or dangerous product.

Accepted Answer

If injury or damage results from their u

Question 6

Explain what is meant by "merchantable quality."

Accepted Answer

That the goods be free from an

Question 7

Discuss the different types of negotiable instruments and indicate the significance of them being classified as negotiable.

Accepted Answer

These are bills of exchange,ch

Question 8

In which of the following would the title pass to the buyer only when the goods were "unconditionally appropriated" with assent?

Accepted Answer

A)  Jethro chose the guitar and paid for it, but it had to be strung before it was ready. 
B)  Homer chose a guitar that was ready and he agreed to buy it. They had agreed that he could pay for it next month and pick it up when he paid. 
C)  Mark chose a guitar advertised in the catalogue of Guitars Galore Ltd., called the store, and after some discussion on its features and price, ordered it. 
D)  After some discussion with the owner of Guitars Galore Ltd. as to which of the guitars there were best for a beginner, Bob bought a guitar for his son "on approval" and took it with him. 
E)  Jenny wanted amplifier A for her guitar, but the store only had amplifier B. She decided to take it because she wanted one right away. 
A)  Jethro chose the guitar and paid for it, but it had to be strung before it was ready. 
B)  Homer chose a guitar that was ready and he agreed to buy it. They had agreed that he could pay for it next month and pick it up when he paid. 
C)  Mark chose a guitar advertised in the catalogue of Guitars Galore Ltd., called the store, and after some discussion on its features and price, ordered it. 
D)  After some discussion with the owner of Guitars Galore Ltd. as to which of the guitars there were best for a beginner, Bob bought a guitar for his son "on approval" and took it with him. 
E)  Jenny wanted amplifier A for her guitar, but the store only had amplifier B. She decided to take it because she wanted one right away.

Question 9

The mission of ________ is to foster a growing,competitive,knowledge-based Canadian economy.

Accepted Answer

A)  Industry Canada 
B)  the Competition Bureau 
C)  the Superintendent of Bankruptcy 
D)  the Canadian Consumer Handbook 
E)  the Sale of Goods Act 
A)  Industry Canada 
B)  the Competition Bureau 
C)  the Superintendent of Bankruptcy 
D)  the Canadian Consumer Handbook 
E)  the Sale of Goods Act

Question 10

What two important characteristics of negotiable instruments contribute to their value as a method of transferring funds?

Accepted Answer

1.Their free transferability from holder

Question 11

The general rule is that risk follows title.

Accepted Answer

A) True 
 B)False

Question 12

In which of the following will the title to the goods pass to the buyer at the time of contract?

Accepted Answer

A)  Mrs. Jones calls the Bay and asks them to send out the blanket advertised on page 3 of its flyer. The Bay agrees and takes her credit card number. 
B)  Mary picks out a leather briefcase and leaves it with the seller so that initials can be engraved on it. She pays by cheque. 
C)  ABC Co. buys all the chemicals contained in a drum marked "A" but the price has to be ascertained by measuring the number of litres in the drum. 
D)  Williams contracts for the desk he selected at Antiques Unlimited, and he arranges to have it delivered to his office tomorrow and to be paid for in one month. 
E)  While at the Bay, Preston decides to buy the style of sofa he sees on display. He pays by cash and the store arranges to have one sent from its warehouse directly to Preston's home. 
A)  Mrs. Jones calls the Bay and asks them to send out the blanket advertised on page 3 of its flyer. The Bay agrees and takes her credit card number. 
B)  Mary picks out a leather briefcase and leaves it with the seller so that initials can be engraved on it. She pays by cheque. 
C)  ABC Co. buys all the chemicals contained in a drum marked "A" but the price has to be ascertained by measuring the number of litres in the drum. 
D)  Williams contracts for the desk he selected at Antiques Unlimited, and he arranges to have it delivered to his office tomorrow and to be paid for in one month. 
E)  While at the Bay, Preston decides to buy the style of sofa he sees on display. He pays by cash and the store arranges to have one sent from its warehouse directly to Preston's home.

Question 13

Explain what kind of protection is provided by the Trade Practices Act (Unfair Practices Act,Business Practices Act,etc.depending on the jurisdiction).

Accepted Answer

This legislation prohibits and provides

Question 14

The following events occurred before the goods or parts of the goods were lost or destroyed.In which case would the buyer suffer the loss?

Accepted Answer

A)  Al picked out and contracted for a particular computer, and an additional component had to be installed before it was in deliverable state. It was installed, but Al had not been notified that it was ready. 
B)  George ordered a Pentium computer system with 4 megabytes of RAM and a 105 megabyte hard drive advertised by Kicks Computers. 
C)  Jaspers contracted for four standard-sized cupboards for the kitchen. The boards had been cut, but they had not been assembled. 
D)  Yates chose which of the desks he wanted and contracted for it, but he had agreed to pay and pick it up the next day. 
E)  Heinz contracted for all the corn in Silo A. The seller still had to weight the corn to determine the price. 
A)  Al picked out and contracted for a particular computer, and an additional component had to be installed before it was in deliverable state. It was installed, but Al had not been notified that it was ready. 
B)  George ordered a Pentium computer system with 4 megabytes of RAM and a 105 megabyte hard drive advertised by Kicks Computers. 
C)  Jaspers contracted for four standard-sized cupboards for the kitchen. The boards had been cut, but they had not been assembled. 
D)  Yates chose which of the desks he wanted and contracted for it, but he had agreed to pay and pick it up the next day. 
E)  Heinz contracted for all the corn in Silo A. The seller still had to weight the corn to determine the price.

Question 15

What are consumer transactions?

Accepted Answer

These are purchases by individ

Question 16

What is the effect of an unpaid seller's lien?

Accepted Answer

It gives the seller the right

Question 17

What is the main purpose of the Sale of Goods Act?

Accepted Answer

To provide missing terms that

Question 18

A certified cheque ensures that the instrument will be honoured by the bank.

Accepted Answer

A) True 
 B)False

Question 19

When a contract of purchase is entered into with regard to specific goods that are to be delivered some time in the future,title always transfers at the point of delivery.

Accepted Answer

A) True 
 B)False

Question 20

When goods are sold,who normally bears the risk?

Accepted Answer

Risk follows title; that is,wh

Explain the options that are available to the victim of a breach of a condition in the contract.

Industry Canada was established under the Department of Industry Act.

Which of the following contracts would be covered by the Sale of Goods Act?

Explain what common law recourse there is against manufacturers when they manufacture a faulty or dangerous product.

Explain what is meant by "merchantable quality."

Discuss the different types of negotiable instruments and indicate the significance of them being classified as negotiable.

In which of the following would the title pass to the buyer only when the goods were "unconditionally appropriated" with assent?

The mission of ________ is to foster a growing,competitive,knowledge-based Canadian economy.

What two important characteristics of negotiable instruments contribute to their value as a method of transferring funds?

The general rule is that risk follows title.

In which of the following will the title to the goods pass to the buyer at the time of contract?

Explain what kind of protection is provided by the Trade Practices Act (Unfair Practices Act,Business Practices Act,etc.depending on the jurisdiction).

The following events occurred before the goods or parts of the goods were lost or destroyed.In which case would the buyer suffer the loss?

What are consumer transactions?

What is the effect of an unpaid seller's lien?

What is the main purpose of the Sale of Goods Act?

A certified cheque ensures that the instrument will be honoured by the bank.

When a contract of purchase is entered into with regard to specific goods that are to be delivered some time in the future,title always transfers at the point of delivery.

When goods are sold,who normally bears the risk?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputesthe Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contractconsensus and Consideration

The Elements of a Contract capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal, and Intellectual Property

Information Technology and the Internet

Priority of Creditors

Filters

Exam 15: Sales and Consumer Protection

Explain the options that are available to the victim of a breach of a condition in the contract.

Industry Canada was established under the Department of Industry Act.

Which of the following contracts would be covered by the Sale of Goods Act?

Explain what common law recourse there is against manufacturers when they manufacture a faulty or dangerous product.

Explain what is meant by "merchantable quality."

Discuss the different types of negotiable instruments and indicate the significance of them being classified as negotiable.

In which of the following would the title pass to the buyer only when the goods were "unconditionally appropriated" with assent?

The mission of ________ is to foster a growing,competitive,knowledge-based Canadian economy.

What two important characteristics of negotiable instruments contribute to their value as a method of transferring funds?

The general rule is that risk follows title.

In which of the following will the title to the goods pass to the buyer at the time of contract?

Explain what kind of protection is provided by the Trade Practices Act (Unfair Practices Act,Business Practices Act,etc.depending on the jurisdiction).

The following events occurred before the goods or parts of the goods were lost or destroyed.In which case would the buyer suffer the loss?

What are consumer transactions?

What is the effect of an unpaid seller's lien?

What is the main purpose of the Sale of Goods Act?

A certified cheque ensures that the instrument will be honoured by the bank.

When a contract of purchase is entered into with regard to specific goods that are to be delivered some time in the future,title always transfers at the point of delivery.

When goods are sold,who normally bears the risk?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputesthe Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contractconsensus and Consideration

The Elements of a Contract capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal, and Intellectual Property

Information Technology and the Internet

Priority of Creditors

Filters