Economics ;laws relating to sale of good contracts questions

2. In general, under the Sale of Goods Act, a purchaser becomes responsible for risk of loss or damage to goods he has purchased when

3. This specific remedy under the Sale of Goods Act allows a seller to receive full payment if a buyer refuses to take delivery, even though title has passed

4. Misleading advertising and other representations of sellers are: a. Prohibited by the federal Competition Act. b. Prohibited by Ontario's Consumer Protection Act. c. Prohibited by the federal Competition Act and Ontario's Consumer Protection Act. d. Not prohibitedit is a case of caveat emptor (buyer beware).

5. The Act thatprovides general rules related to identifying products, stating the quantity, and using standardized sizes

6. When the bank provides services like financial advice to your business, it is required to______

7. Which is the distinguishing feature of a negotiable instrument

8. This type of security interest gives a creditor the right to sell all of the debtor's assets: a. Chattel mortgage b. Conditional sale c. General security agreement d. All of the above

9. Which of these persons is bankrupt?

a. Owes more than $1,000 and cannot meet obligations as they become due.

b. Owes more than $1,000 and has debts which exceed the realizable value of his or her assets.

c. Owes more than $1,000 and has performed any of ten specific acts within the preceding six months. d. Owes more than $1,000, has performed any of ten specific acts, and has had a petition filed with the courts against him or her by creditors.

10. When bankruptcy occurs, who has the first priority?

11. Which is not a prohibited grounds of discrimination? ____

12. Which discipline may protect an employer against claims by an employee of unjust dismissal?

13. The labor law obligates employers to provide information, training, and instruction, as well as gives employees a right to refuse unsafe work; which one is it?

14. An employer makes significant changes to your job status or responsibility without your consent. This constitutes___

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