Question 1

Which of the following statements is correct with respect to the Sale of Goods Act?

Accepted Answer

A)  The parties are restricted to contract out of any of the terms of the Sale of Goods Act. 
B)  Some of the terms of the Sale of Goods Act are implied in the contract of sale. 
C)  The Sale of Goods Act does apply to the assignment of a contractual claim. 
D)  The Sale of Goods Act does apply to the sale of land. 
E)  The terms included in the Sale of Goods Act override the terms agreed upon by the parties to such a sale of goods. 
A)  The parties are restricted to contract out of any of the terms of the Sale of Goods Act. 
B)  Some of the terms of the Sale of Goods Act are implied in the contract of sale. 
C)  The Sale of Goods Act does apply to the assignment of a contractual claim. 
D)  The Sale of Goods Act does apply to the sale of land. 
E)  The terms included in the Sale of Goods Act override the terms agreed upon by the parties to such a sale of goods.

Question 2

Distinguish between a promissory note and a bill of exchange.

Accepted Answer

A bill of exchange involves on

Question 3

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

Accepted Answer

A)  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. 
B)  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. 
C)  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. 
D)  Jethro chose the guitar and paid for it, but it had to be strung before it was ready. 
E)  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. 
A)  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. 
B)  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. 
C)  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. 
D)  Jethro chose the guitar and paid for it, but it had to be strung before it was ready. 
E)  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.

Question 4

Jones walked into Sam's TV shop and said, pointing to a particular television, "I'll take that one." They wrote up the deal, and Jones was to return the next day to pay for it and pick it up. Explain who bears the risk in the meantime.

Accepted Answer

John bears the risk. Rule #1 a

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Explain the significance of a "manufacturer's warranty" on products such as a camera and a radio, and discuss why it's necessary with respect to the Sale of Goods Act.

Accepted Answer

It is important that students first show

Question 7

If Jones receives a promissory note from Smith, who passes it on to Green, who qualifies as a holder in due course, Green is the receiver of assigned contractual rights and is in the same position as Jones.

Accepted Answer

A) True 
 B)False

Question 8

Explain the rights conveyed in an "unpaid seller's lien."

Accepted Answer

The seller, so long as the goods are in

Question 9

Discuss the function of the federal Competition Act and the role it plays in consumer protection.

Accepted Answer

The federal Competition Act has three ma

Question 10

Colson went to Logon Drugs and bought some light bulbs for the hallways of his new apartment building. A tenant asked for one and Colson gave him one but told him he was responsible for getting his own from now on. The bulb, manufactured by Burnaby Brite, Ltd. and sold to Logon Drugs by Dandy Distributors Ltd., was defective, improperly made. It exploded and set some curtains on fire. The tenant's apartment suffered $6,000 damage; he had to move out. He couldn't live there while repairs were being undertaken and had no choice but to find another place, as it would take three weeks to get the apartment liveable again. On these facts, which of the following is false?

Accepted Answer

A)  Logon Drugs cannot sue the manufacturer for breach of contract even though the manufacturer was at fault. 
B)  The manufacturer could be sued in contract by Dandy Distributors, but could be sued by others only for the tort of negligence. 
C)  Logon Drugs could sue Dandy Distributors for breach of contract, although it was not at fault for the damage. 
D)  The tenant could sue Logon Drugs for breach of contract or negligence because his loss was caused by the defective light bulb. 
E)  Logon Drugs had not really caused the damage, but it could still be sued by Colson for breach of contract. 
A)  Logon Drugs cannot sue the manufacturer for breach of contract even though the manufacturer was at fault. 
B)  The manufacturer could be sued in contract by Dandy Distributors, but could be sued by others only for the tort of negligence. 
C)  Logon Drugs could sue Dandy Distributors for breach of contract, although it was not at fault for the damage. 
D)  The tenant could sue Logon Drugs for breach of contract or negligence because his loss was caused by the defective light bulb. 
E)  Logon Drugs had not really caused the damage, but it could still be sued by Colson for breach of contract.

Question 11

Jones walked into a new car lot, pointed to a specific car, and said, "I'll take that one." Sam, the operator of the car lot, explained that there was a certain amount of pre-delivery preparation that had to take place before the car could be delivered, and that it would be ready for the purchaser two days later. It was agreed that the purchase price would be paid at that time. Explain who bears the risk in the meantime.

Accepted Answer

The dealer. Rule #2 applies to

Which of the following statements is correct with respect to the Sale of Goods Act?

Distinguish between a promissory note and a bill of exchange.

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

Jones walked into Sam's TV shop and said, pointing to a particular television, "I'll take that one." They wrote up the deal, and Jones was to return the next day to pay for it and pick it up. Explain who bears the risk in the meantime.

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

Explain the significance of a "manufacturer's warranty" on products such as a camera and a radio, and discuss why it's necessary with respect to the Sale of Goods Act.

If Jones receives a promissory note from Smith, who passes it on to Green, who qualifies as a holder in due course, Green is the receiver of assigned contractual rights and is in the same position as Jones.

Explain the rights conveyed in an "unpaid seller's lien."

Discuss the function of the federal Competition Act and the role it plays in consumer protection.

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes the Courts and Alternatives to Litigation

Intentional Torts

Negligence, Professional Liability, and Insurance Law

Formation of Contracts

Formation of Contracts Continued

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

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Exam 15: Sales and Consumer Protection

Which of the following statements is correct with respect to the Sale of Goods Act?

Distinguish between a promissory note and a bill of exchange.

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

Jones walked into Sam's TV shop and said, pointing to a particular television, "I'll take that one." They wrote up the deal, and Jones was to return the next day to pay for it and pick it up. Explain who bears the risk in the meantime.

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

Explain the significance of a "manufacturer's warranty" on products such as a camera and a radio, and discuss why it's necessary with respect to the Sale of Goods Act.

If Jones receives a promissory note from Smith, who passes it on to Green, who qualifies as a holder in due course, Green is the receiver of assigned contractual rights and is in the same position as Jones.

Explain the rights conveyed in an "unpaid seller's lien."

Discuss the function of the federal Competition Act and the role it plays in consumer protection.

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes the Courts and Alternatives to Litigation

Intentional Torts

Negligence, Professional Liability, and Insurance Law

Formation of Contracts

Formation of Contracts Continued

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