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1. What is the significance of the following terms in the Sale of Goods? Conditions and Warranties Specific Goods Unscertained Goods 2. No one can

1.What is the significance of the following terms in the Sale of Goods?

Conditions and Warranties

Specific Goods

Unscertained Goods

2.No one can give a better title than he himself has. Examine this statement concerning the law of the sale of goods.

3.Tony hired a hall with a seating capacity of 2,000 from the Seaside Corporation at a charge of $3,000.00 for one week. He also hired an internationally known pop group to appear in concert at the hall for a fee of $10,000.00. All $1,400 concert tickets were sold in advance of the concert for $10.00 each.

"Two days before the first concert, Seaside Corporation informed Tony that his letting had been canceled in favor of another client who is prepared to pay more for the hire of the hall."

a)Advise Tony who wants to hold the Corporation to the agreement

b)What if any would be the difference to your if Tony could not persuade the Corporation to allow him the use of the hall and as a result, he has been obliged to pay the group its fees for the week and return the $14,000.00 ticket money to the ticket holders

4.(a) In what circumstances does an unpaid seller acquire a lien over goods he has sold?

(b) A sold a consignment of Diamonds in Freeport to B and deliver the stone to B for $30,000.00. B paid $12,000.00 when the sale was made and agreed to pay the balance of the price on delivery of the stones to his premises in Eight Mile Rock.

A instructed C, a security messenger, to deliver the stones to collect the balance of the purchase money. On arrival in Eight Mile Rock, C was informed that B was insolved and notified A. A ordered C to withhold delivery. B claims that he was not insolvent and threatens to sue Both A and C. Advise A and C.

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