Question 1

Which of the following is a statement of facts to which the Sale of Goods Act would apply?

Accepted Answer

A) "I asked for a trim! You've cut off 2 inches!!!" 
B) "Excuse me; there is a mouse in this beer bottle." 
C) "Today is the closing date and I am willing to tender the full price in cash,namely $50 000,for the house and you are now telling me that you have no intention of closing." 
D) "I brought in five shirts to be laundered and you are returning only four to me!" 
E) "I agreed to give you a dozen old campaign buttons for that original signature of the prime minister,but received the signature of the governor general." 
A) "I asked for a trim! You've cut off 2 inches!!!" 
B) "Excuse me; there is a mouse in this beer bottle." 
C) "Today is the closing date and I am willing to tender the full price in cash,namely $50 000,for the house and you are now telling me that you have no intention of closing." 
D) "I brought in five shirts to be laundered and you are returning only four to me!" 
E) "I agreed to give you a dozen old campaign buttons for that original signature of the prime minister,but received the signature of the governor general."

Question 2

Explain how the rights of the creditors are protected under bankruptcy legislation.

Accepted Answer

A trustee in bankruptcy is appointed and

Question 3

Identify which of the following statements is true about secured transactions in provinces having a personal property security act.

Accepted Answer

A) Various kinds of secured transactions,such as conditional sales,chattel mortgages,etc.,are regulated by their own distinct statutes. 
B) All kinds of security arrangements involving personal property as collateral now come under one statute. 
C) An assignment of an account receivable does not qualify as a security arrangement because no tangible property is involved. 
D) This kind of transaction,which formerly was legal,is now prohibited by law in all provinces. 
E) Only tangible personal property can be used as security. 
A) Various kinds of secured transactions,such as conditional sales,chattel mortgages,etc.,are regulated by their own distinct statutes. 
B) All kinds of security arrangements involving personal property as collateral now come under one statute. 
C) An assignment of an account receivable does not qualify as a security arrangement because no tangible property is involved. 
D) This kind of transaction,which formerly was legal,is now prohibited by law in all provinces. 
E) Only tangible personal property can be used as security.

Question 4

Gregory went to Collegiate Sports Ltd.with his dad,who asked for some shoes for Gregory suitable for playing squash.Gregory was given a pair of running shoes suitable only for jogging.His dad paid by cash.That evening,wearing the new shoes while playing squash,Gregory broke his ankle.In the ensuing lawsuit,the statement of claim cited the provisions of the Sale of Goods Act.Which of the following is true if it were proven that the shoes were inappropriate and the cause of the injury?

Accepted Answer

A) This is not a sale of goods situation because Gregory's father paid by cash. 
B) This is a "buyer beware" situation and there would be no remedy for anyone. 
C) Only Gregory can sue since he was the only one hurt. 
D) Gregory's father would be the proper plaintiff in this action and could win on the claim that the goods were not fit for purpose. 
E) Gregory's father could win for breach of contract because he made known the purpose for which he wanted the shoes to a shoe dealer. 
A) This is not a sale of goods situation because Gregory's father paid by cash. 
B) This is a "buyer beware" situation and there would be no remedy for anyone. 
C) Only Gregory can sue since he was the only one hurt. 
D) Gregory's father would be the proper plaintiff in this action and could win on the claim that the goods were not fit for purpose. 
E) Gregory's father could win for breach of contract because he made known the purpose for which he wanted the shoes to a shoe dealer.

Question 5

Mrs.Quale bought a new sewing machine from Androcles' Sewing Centre because she thought that,as well as using it herself,her daughter,Susan,would also be able to use it for her high school home economics projects.Unfortunately,because of a manufacturing defect,the machine ran wild when Susan was using it and it destroyed her project,sewed the end of her finger,and sprayed oil all over the carpet.Androcles' Sewing Centre had bought the machine from Midmen Distributors Ltd.,which had bought it originally from the manufacturer,General Stitchers Inc.Which one of the following statements is false with respect to the available remedies in this situation?

Accepted Answer

A) Midmen Distributors Ltd.has an action against General Stitchers Inc.for breach of an implied condition of merchantable quality. 
B) Midmen Distributors Ltd.bears no liability here because it was just an intermediary in the distribution chain. 
C) Androcles' has an action for breach of contract against Midmen Distributors. 
D) Susan has an action in tort law against General Stitchers Inc. 
E) Mrs.Quale has an action against Androcles' for breach of an implied condition of reasonable fitness for a particular purpose. 
A) Midmen Distributors Ltd.has an action against General Stitchers Inc.for breach of an implied condition of merchantable quality. 
B) Midmen Distributors Ltd.bears no liability here because it was just an intermediary in the distribution chain. 
C) Androcles' has an action for breach of contract against Midmen Distributors. 
D) Susan has an action in tort law against General Stitchers Inc. 
E) Mrs.Quale has an action against Androcles' for breach of an implied condition of reasonable fitness for a particular purpose.

Question 6

Which of the following debts continue even after an individual has been discharged from bankruptcy?

Accepted Answer

A) past family maintenance for dependants 
B) unsecured loans 
C) secured loans 
D) ordinary debt 
E) judgment debts 
A) past family maintenance for dependants 
B) unsecured loans 
C) secured loans 
D) ordinary debt 
E) judgment debts

Question 7

"The Sale of Goods Act imposes terms into the contract that are even and fair,that don't benefit one side over the other." Discuss the accuracy of this statement.

Accepted Answer

It is inaccurate.If the partie

Question 8

The principles of freedom of contract and caveat emptor have been completely done away with by the Sale of Goods Act.

Accepted Answer

A) True 
 B)False

Which of the following is a statement of facts to which the Sale of Goods Act would apply?

Explain how the rights of the creditors are protected under bankruptcy legislation.

Identify which of the following statements is true about secured transactions in provinces having a personal property security act.

Which of the following debts continue even after an individual has been discharged from bankruptcy?

"The Sale of Goods Act imposes terms into the contract that are even and fair,that don't benefit one side over the other." Discuss the accuracy of this statement.

The principles of freedom of contract and caveat emptor have been completely done away with by the Sale of Goods Act.

The Canadian Legal System

Torts and Professional Liability

Formation of Contracts

Enforcing Contractual Obligations

Agency and Employment

Methods of Carrying on Business

Property

Ideas and Information

Electronic Commerce and International Trade

Filters

Exam 5: Legislation in the Marketplace

Which of the following is a statement of facts to which the Sale of Goods Act would apply?

Explain how the rights of the creditors are protected under bankruptcy legislation.

Identify which of the following statements is true about secured transactions in provinces having a personal property security act.

Which of the following debts continue even after an individual has been discharged from bankruptcy?

"The Sale of Goods Act imposes terms into the contract that are even and fair,that don't benefit one side over the other." Discuss the accuracy of this statement.

The principles of freedom of contract and caveat emptor have been completely done away with by the Sale of Goods Act.

The Canadian Legal System

Torts and Professional Liability

Formation of Contracts

Enforcing Contractual Obligations

Agency and Employment

Methods of Carrying on Business

Property

Ideas and Information

Electronic Commerce and International Trade

Filters