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problem 1: Which of these would not be covered under the Sale of Goods Act?

a. Sale of car, paid for by credit card.
b. Sale of crops, paid for by cheque.
c. Sale of services, paid for by cash.
d. All of the above are covered.
 
problem 2: In general, under the Sale of Goods Act, a purchaser becomes responsible for risk of loss or damage to goods he has purchased when:

a. The purchaser makes the contract with the vendor, even if the vendor still has something to do to put the goods into a deliverable state.
b. The purchaser notifies the vendor he is ready to receive delivery.
c. The purchaser receives delivery.
d. Passing of property has occurred.
 
problem 3: This specific remedy under the Sale of Goods Act allows a seller to receive full payment if a buyer refuses to take delivery, even though title has passed:

a. Liquidated damages
b. Specific performance
c. Action for the price
d. Lien
 
problem 4: Misleading advertising and other representations of sellers are:

a. Prohibited by the federal Competition Act.
b. Prohibited by Ontario’s Consumer Protection Act. 
c. Prohibited by the federal Competition Act and Ontario’s Consumer Protection Act.
d. Not prohibited—it is a case of caveat emptor (buyer beware).
 
problem 5: This Act provides general rules related to identifying products, stating the quantity, and using standardized sizes:

a. Consumer Packaging and Labelling Act
b. Textile Labelling Act
c. Hazardous Products Act
d. Food and Drugs Act

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
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