business questions

Question 8 Which one of the following statements is false with respect to who bears the risk of loss in a sale-of-goods contract? Not yet answered Select one: Marked out of O a. The risk of specific goods may pass upon formation of the contract. 1.00 O b. The risk of loss may depend on who holds title. Flag question O c. When unascertained or future goods are involved, the risk transfers once a reasonable time has passed. O d. The parties can contradict the provisions of the Sale of Goods Act on this question. Question 9 Which of the following is not controlled by consumer protection legislation? Not yet answered Select one: Marked out of O a. False advertising. 1.00 O b. Unconscionable transactions. Flag question O c. Unequal bargaining power that is abusive. O d. Business transactions. Question 10 Which of the following statements accurately states the law with respect to consumer transactions? Not yet answered Select one: Marked out of O a. Where a consumer has been subject to a deceptive or unconscionable act or practice, he may recover damages and an order of rescission. 1.00 O b. Suppliers who engage in deceptive or unconscionable acts, are not subject to fines nor jail sentences for such acts. Flag question O c. In all consumer transactions, there is a cooling-off period of seven days in which the consumer can call off the deal. O d. If the court decides that a transaction was unconscionable, that transaction is unenforceable by the buyer.Question 4 With respect to a sale of goods, which one of the following statements is true? Not yet answered Marked out of Select one: 1.00 a. If the parties do not agree otherwise, the time of payment is 20 days after the time of delivery. Flag question b. The Sale of Goods Act also applies to the purchase of real estate and of bonds. O c. A seller who has been given a bad cheque that bounces (is dishonoured for insufficient funds) can sue the puirchaser for breach of contract. If the seller still has possession of the goods, he also has rights against the goods themselves. O d. If the parties do not agree otherwise, the risk of loss stays with the seller until delivery. Question 5 To which one of the following would the Sale of Goods Act not apply? Not yet answered Marked out of Select one: 1.00 O a. The purchase of a Mercedez Benz sports coupe. Flag question O b. A contract for the sale of tangible personal property. O c. A contract for the purchase of a new air conditioner. O d. The purchase of a vacant cottage. Question 6 Which of the following contracts would be covered by the Sale of Goods Act? Not yet answered Select one: Marked out of O a. The trade of a car for a boat involving no money. 1.00 O b. A contract for medical services with a physiotherapist. Flag question O c. A contract for the sale of a famous Roman sculpture. O d. The sale of corporate shares. Question 7 If you buy a refrigerator from a second-hand dealer of appliances, which of the following is true? Not yet answered Select one: Marked out of O a. Title to the refrigerator would pass at the time the buyer picked it up the next day. 1.00 b. The risk of loss depends on who has possession of the refrigerator. Flag question O c. The Sale of Goods Act does not apply. O d. There is an implied term of the contract that the seller has good title, i.e., the right to sell it.Question 1 Use your Legal Links to answer this question. Pursuant to Section 14 of Alberta's Sale of Goods Act, in a contract of sale, unless the circumstances of the contract show a different Not yet intention, there is: answered Marked out of Select one: 1.00 O a. an implied warranty that the goods are free from any charge or encumbrance in favour of any third party not declared or known to the seller before the contract is Flag made. question O b. an implied warranty that the seller shall have and enjoy quiet possession of the goods O c. an implied warranty that the goods are free from any charge or encumbrance in favour of any third party not declared or known to the buyer before or at the time that the contract is made. O d. an implied warranty that the goods are free from any defect Question 2 To which one of the following contracts would the Sale of Goods Act apply? Not yet answered Select one: Marked out of O a. A contract with a dentist to have a tooth filled. 1.00 O b. A contract for the purchase of a ranch and all its barns and stables. Flag question O c. A contract by which two chairs were swapped for two others. O d. A furniture purchase where title to the furniture will not pass to the buyer until some future date. Question 3 Which of the following statements about the Sale of Goods Act is TRUE? Not yet answered Select one: Marked out of O a. The Sale of Goods Act does apply to the assignment of a contractual claim. 1.00 O b. Some of the terms of the Sale of Goods Act are implied in the contract of sale. Flag question O c. The Sale of Goods Act applies to the sale of land. O d. The terms included in the Sale of Goods Act override the terms agreed upon by the parties to such a sale of goods