Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Exercises

Authors: Roger LeRoy Miller, William E. Hollowell

8th edition

1305509609, 1305644823, 9781305856479 , 978-1305509603

More Books

Students also viewed these Law questions

Question

Distinguish between short-term and long-term goals.

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago