Legal Studies

A warranty under the Sale of Goods Act is a contract term the breach of which will allow the victim ...

A warranty under the Sale of Goods Act is a contract term the breach of which will allow the victim ...

A warranty under the Sale of Goods Act is a contract term the breach of which will allow the victim of the breach to refuse to go through with his or her side of the agreement.

▸ true

▸ false

jag   42   1 Reply

Boogy

Under the Sale of Goods Act, when no time has been set for the return of goods taken on approval, ...

Under the Sale of Goods Act, when no time has been set for the return of goods taken on approval, ...

Under the Sale of Goods Act, when no time has been set for the return of goods taken on approval, title passes at the expiration of 48 hours.

▸ true

▸ false

kenzmorrow99   40   1 Reply

007006

When a contract of purchase is entered into with regard to specific goods that are to be delivered ...

When a contract of purchase is entered into with regard to specific goods that are to be delivered ...

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.

▸ true

▸ false

Victoria68   43   1 Reply

AlahuKakpar

With FOB contracts, title and risk always transfer at the seller's place of business.

With FOB contracts, title and risk always transfer at the seller's place of business.

With FOB contracts, title and risk always transfer at the seller's place of business.

▸ true

▸ false

shchandan   32   1 Reply

djeghri

Under the Sale of Goods Act, the general rule is that risk follows title.

Under the Sale of Goods Act, the general rule is that risk follows title.

Under the Sale of Goods Act, the general rule is that risk follows title.

▸ true

▸ false

okokok   40   1 Reply

erimis

Risk refers to potential loss due to damage of the goods.

Risk refers to potential loss due to damage of the goods.

Risk refers to potential loss due to damage of the goods.

▸ true

▸ false

hippo76`   33   1 Reply

Chaldoren

The transfer of the title and possession of the goods in exchange for money must be intended or ...

The transfer of the title and possession of the goods in exchange for money must be intended or ...

The transfer of the title and possession of the goods in exchange for money must be intended or anticipated for the Sale of Goods Act to apply.

▸ true

▸ false

Fluckey   39   1 Reply

soniazhai

The Sale of Goods Act applies to all goods and services.

The Sale of Goods Act applies to all goods and services.

The Sale of Goods Act applies to all goods and services.

▸ true

▸ false

Fluckey   39   1 Reply

taydav

Often the title of the goods will be transferred to a creditor as security for a loan. Sometimes ...

Often the title of the goods will be transferred to a creditor as security for a loan. Sometimes ...

[html]Often the title of the goods will be transferred to a creditor as security for a loan. Sometimes this involves the use of a bill of sale, but the nature of the transaction is for the loan to be repaid. In this case, the creditor retains possess

jag   37   1 Reply

Milahg

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

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

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

▸ true

▸ false

Katherina141   39   1 Reply

ruthm17

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

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

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

▸ judgment debts

▸ ordinary debt

▸ secured loans

▸ past family maintenance for dependants

▸ unsecured loans

LynRibisi   55   1 Reply

spaghetti

The terms bankruptcy and insolvency mean two different things. An insolvent person is defined as ...

The terms bankruptcy and insolvency mean two different things. An insolvent person is defined as ...

[html]The terms bankruptcy and insolvency mean two different things. An insolvent person is defined as someone unable to pay his or her bills as they become due. Bankru

Amani   52   1 Reply

djeghri

A businessman knew that he was facing substantial losses from pending litigation. Shortly before ...

A businessman knew that he was facing substantial losses from pending litigation. Shortly before ...

[html]A businessman knew that he was facing substantial losses from pending litigation. Shortly before declaring bankruptcy, he transferred his interest in the matrimonial home to his wife. What was the result?

▸ The court allowed the transfer, beca

mromero39   109   1 Reply

squally

Which of the following is a goal of the Bankruptcy and Insolvency Act?

Which of the following is a goal of the Bankruptcy and Insolvency Act?

[html]Which of the following is a goal of the Bankruptcy and Insolvency Act?

▸ allows persons with impossible burdens of debt to discharge all of their debts

▸ provides a process to preserve as much of the d

smhbyc   47   1 Reply

stepanos

Elizabeth gave a guarantee to the bank in support of a loan to Tomasz. Over the next few years, the ...

Elizabeth gave a guarantee to the bank in support of a loan to Tomasz. Over the next few years, the ...

[html]Elizabeth gave a guarantee to the bank in support of a loan to Tomasz. Over the next few years, the bank and Tomasz made a number of alterations to the loan agreement. The effect of these changes was to significantly increase the amount owing t

Guest   51   1 Reply

christmasnugget

With regard to guarantees, which of the following is true?

With regard to guarantees, which of the following is true?

[html]With regard to guarantees, which of the following is true?

▸ If the creditor and the debtor change the terms of the agreement without permission of the guarantor, the guarantor will not be bound by the new terms, but will still be bound by the

9bleacher   28   1 Reply

deathDoUsPart

Which of the following is not able to file a lien against the property under the Builders' Lien Act?

Which of the following is not able to file a lien against the property under the Builders' Lien Act?

[html]Which of the following is not able to file a lien against the property under the Builders' Lien Act?

▸ contractors

▸ lenders

▸ suppliers

▸ workers

▸

vet10537   42   1 Reply

karamsidhu1

Which of the following entitles a creditor to perfection of a security interest under the Personal ...

Which of the following entitles a creditor to perfection of a security interest under the Personal ...

[html]Which of the following entitles a creditor to perfection of a security interest under the Personal Property Security Act?

▸ the point in time when the creditor takes physical possession of the property

Jeff Stein   46   1 Reply

mikeh209

Which one of the following statements about the Personal Property Security Act is true?

Which one of the following statements about the Personal Property Security Act is true?

[html]Which one of the following statements about the Personal Property Security Act is true?

▸ In a situation where a debtor fraudulently attempts to transfer property that he or she has given as security, t

Heeeyyyyyoooo   45   1 Reply

Jryawa

As the fishing season slowed down in the fall, Bob decided that this might be a good time to find a ...

As the fishing season slowed down in the fall, Bob decided that this might be a good time to find a ...

[html]As the fishing season slowed down in the fall, Bob decided that this might be a good time to find a real bargain in used equipment for his boat. He found a navigation instrument for sale for $15 000, a great price. However, he only had $10 000,

Chang L   53   1 Reply

annakc

Attachment takes place:

Attachment takes place:

Attachment takes place:

▸ when perfection is completed.

▸ when a debtor receives some value under the contract.

▸ upon registration of the claim.

▸ when a contract is executed.

▸ when the creditor takes possession of the property.

LynRibisi   37   1 Reply

loki1345

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

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

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

▸ All kinds of security arrangements involving personal property as collateral now come under one statute.

▸ A

ALEX10   47   1 Reply

georgetine2

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

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

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

▸ This kind of transaction, which formerly was legal, is now prohibited by law in all provinces.

▸ Only tangib

Ace123440   38   1 Reply

GeorgeNeist

In the case of Bernard Madoff, a scheme was created as an investment program in which the early ...

In the case of Bernard Madoff, a scheme was created as an investment program in which the early ...

[html]In the case of Bernard Madoff, a scheme was created as an investment program in which the early investors were paid out returns on their investments, not from earnings but from funds supplied by later investors, although they thought the earnin

Heeyou!   34   1 Reply

Loruiz15

Regarding the Federal Competition Act, which of the following is true with respect to types of ...

Regarding the Federal Competition Act, which of the following is true with respect to types of ...

[html]Regarding the Federal Competition Act, which of the following is true with respect to types of prohibited conduct?

▸ Product performance claims based on sound scientific testing are an offence.

▸ Prohi

CharW67   51   1 Reply

k8ertots21

Which of the following is not a term implied by the Sale of Goods Act?

Which of the following is not a term implied by the Sale of Goods Act?

[html]Which of the following is not a term implied by the Sale of Goods Act?

▸ The goods must match the description given of them.

▸ There are no liens on the

kenzienoelle16   35   1 Reply

Dildofaggins

Which of the following statements accurately states the law with respect to consumer transactions?

Which of the following statements accurately states the law with respect to consumer transactions?

[html]Which of the following statements accurately states the law with respect to consumer transactions?

▸ Where the court decides that a transaction was unconscionable, that transaction is unenforceable by the buyer.

▸ In most provinces, legislati

cherimcd91   38   1 Reply

usman007

Tina's Gourmet Catering Ltd. (hereinafter referred to as "Tina's") makes several types of fresh ...

Tina's Gourmet Catering Ltd. (hereinafter referred to as "Tina's") makes several types of fresh ...

[html]Tina's Gourmet Catering Ltd. (hereinafter referred to as "Tina's") makes several types of fresh salads, which it packages in sealed containers and sells to various retail outlets. Grandma Wright, shopping with her daughter Jane, bought one of T

dhagstro   77   1 Reply

stephiemh6

With respect to a sale of goods, which one of the following statements is true?

With respect to a sale of goods, which one of the following statements is true?

[html]With respect to a sale of goods, which one of the following statements is true?

▸ A seller who has been given a cheque that "bounces" (dishonoured for insufficient funds), in payment for goods that he still possesses, has rights against the go

aemarmolejos   53   1 Reply

stephiemh6

O'Neil bought a new car from a Chevrolet dealer for family use. The contract he signed contained ...

O'Neil bought a new car from a Chevrolet dealer for family use. The contract he signed contained ...

[html]O'Neil bought a new car from a Chevrolet dealer for family use. The contract he signed contained the following clause: "The parties hereto expressly agree that the dealer is not liable for any breach of condition or warranty, express or implied

vsicard   54   1 Reply

sakoon

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

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

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

▸ The parties are restricted to contract out of any of the terms of the Sale of Good

gabe.alao   50   1 Reply

SlimyPencil

Gregory went to Collegiate Sports Ltd. with his dad, who asked for some shoes for Gregory suitable ...

Gregory went to Collegiate Sports Ltd. with his dad, who asked for some shoes for Gregory suitable ...

[html]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 shoe

sportylatina   169   1 Reply

blabla123

Mrs. Quale bought a new sewing machine from Androcles' Sewing Centre because she thought that, as ...

Mrs. Quale bought a new sewing machine from Androcles' Sewing Centre because she thought that, as ...

[html]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

annacole   213   1 Reply

BullitMcQueen

Edward goes to his neighbourhood hardware store and asks for a six-foot by two-foot piece of ...

Edward goes to his neighbourhood hardware store and asks for a six-foot by two-foot piece of ...

[html]Edward goes to his neighbourhood hardware store and asks for a six-foot by two-foot piece of plywood. He also requests that it be "sturdy." Edward purchases the plywood and proceeds to use it as a makeshift bridge for his dog, a one-hundred-pou

ahsdkajdao   58   1 Reply

Shassta22

John bought a used car for $5000. Shortly afterward, a bailiff acting for an unpaid chattel ...

John bought a used car for $5000. Shortly afterward, a bailiff acting for an unpaid chattel ...

[html]John bought a used car for $5000. Shortly afterward, a bailiff acting for an unpaid chattel mortgagee who had properly registered his claim in time seized the car. In which of the following circumstances can John sue the seller?

▸ if John forg

Sodamafia   92   1 Reply

Wan

Delbert stops at a yard sale to look for old musical equipment. He sees an amplifier that is exactly ...

Delbert stops at a yard sale to look for old musical equipment. He sees an amplifier that is exactly ...

[html]Delbert stops at a yard sale to look for old musical equipment. He sees an amplifier that is exactly what he has been looking for. Delbert believes it is worth a lot more money than the $50 the owner is requesting. Delbert asks the owner whethe

lovedarian   89   1 Reply

Dustbuns

Which of the following is true with regard to the implied terms of the Sale of Goods Act?

Which of the following is true with regard to the implied terms of the Sale of Goods Act?

[html]Which of the following is true with regard to the implied terms of the Sale of Goods Act?

▸ The Act does not provide that the goods must be fit for purpose.

▸ I

Mommy22   46   1 Reply

dpscool0415

Alf bought a car from Mr. Wojchu for $10 000. Shortly afterward, a bailiff, acting for an unpaid ...

Alf bought a car from Mr. Wojchu for $10 000. Shortly afterward, a bailiff, acting for an unpaid ...

[html]Alf bought a car from Mr. Wojchu for $10 000. Shortly afterward, a bailiff, acting for an unpaid conditional seller, seized the car. The conditional seller had properly registered his claim in time. Alf wants to sue Mr. Wojchu. Which of the fol

Wellz999   48   1 Reply

JulioBof

John has been working and saving his money; he wants to buy a car on his 25th birthday. Which of the ...

John has been working and saving his money; he wants to buy a car on his 25th birthday. Which of the ...

[html]John has been working and saving his money; he wants to buy a car on his 25th birthday. Which of the following is false?

▸ There will be an implied term in the contract that John will enjoy "quiet possession."

▸ There will be an implied term

Cory Yeung   34   1 Reply

spaghetti

If you buy a toaster from a second-hand dealer of small appliances, which of the following is true?

If you buy a toaster from a second-hand dealer of small appliances, which of the following is true?

[html]If you buy a toaster from a second-hand dealer of small appliances, which of the following is true?

▸ The Sale of Goods Act prohibits the seller from exempting himself from liability in the event that t

herreratiana   41   1 Reply

hoangb