Question
1. The nemo dat rule is the principle that: a. only sellers can pass title; b. no-one can pass title if they do not have
1. The nemo dat rule is the principle that:
a. only sellers can pass title;
b. no-one can pass title if they do not have title;
c. only donors can pass title;
d. title can only pass if the purchaser agrees.
2. Ostensible authority is:
a. the authority an owner of goods has to sell those goods.
b. the authority expressly conferred on an agent by an owner;
c. the authority that an agent of the seller appears to have;
d. the authority reasonably assumed by the buyer that the seller of goods has;
3. Where grounds exist, rescission of a contract may be effected:
a. at any time;
b. never, if the contract is in writing;
c. if notice is given to the culpable party.
d. before the contract is affirmed;
4. Where one party to a sale of goods make an innocent misrepresentation:
a. the contract is void.
b. the contract is fully valid and enforceable;
c. the other party may rescind the contract;
d. the other part may sue in damages for any loss;
5. A voidable contract
a. confers no rights on either party;
b. is only valid if affirmed.
c. is valid until avoided;
d. is valid until the innocent party has notice of the avoiding factor;
6. A void contract
a. is valid until avoided;
b. confers no rights on either party;
c. is valid until the innocent party has notice of the avoiding factor;
d. is only valid if affirmed.
7. Mercantile agents:
a. can only pass title if the purchaser pays full consideration for the goods.
b. cannot pass title without the consent of the owner;
c. can pass title only if the purchaser has no notice of any defect in title;
d. can only pass title if the owner's express consent is in writing;
8. A mistake made by one party to a contract for the sale of goods:
a. makes the contract void sometimes;
b. makes the contract is void always;
c. makes the contract voidable sometimes.
d. makes the contract voidable sometimes;
9. If a seller retains possession of goods after the sale:
a. they have no rights whatsoever over the goods;
b. they may confer good title to the goods to other buyers who buy without notice of the sale;
c. they may confer good title to innocent donees who have no notice of the earlier sale.
d. they are free to sell the goods to third parties;
10. If goods have perished by the time the contract is made:
a. the contract is void;
b. the contract is voidable.
c. the contract is enforceable to the extent that the seller can sue in damages;
d. the contract is enforceable to the extent that the purchaser can sue in damages;
select the correct anwer for the multiple choice questions
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