Question 1

Explain when risk transfers to the buyer in a sale of goods transaction and explain the exceptions to the rule. Explain when title transfers to the buyer in a sale of goods transaction.

Question 2

The Sale of Goods Act imposes terms relating to goods matching samples or descriptions and meeting standards of fitness quality, and title. Explain the nature of these implied terms and their effect on the parties. Determine which are conditions and which are warranties and explain the effect of this distinction. Explain the effect of exemption clauses in the purchase agreement which states "that there are no implied terms, and that the only terms are those contained in the agreement."