1. Promise to pay in some future times known as a. Order to make payments b. Bill of exchange c. Promissory note d. All of above 2. Law dealing with the sale and purchase of goods is known as a. Buying & selling law b. Sale of goods and service act c. Sales of goods act d. None of above 3. A sale refers to those situations where title and property of the goods are transferred immediately a. True b. False 4. When either the title or property is to be transferred sometime in the future it is referred to as a. Agreement to sell b. Futures sales c. Potential sales d. Sales in progress 5. The general rule is that risk follows title a. True b. False