Questions for Review 1. Explain the purpose of the Sale of Goods Act in relation to the obligations of the parties to a sale of goods transaction. 2. What three conditions must be met before the Sale of Goods Act applies to a transaction? 3. What is the distinction between a sale and an agreement to sell? What is the significance of that distinction? 4. When does the risk transfer to the buyer in a sale of goods transaction? Explain the exceptions to this general rule. 6. Indicate when title transfers in the following situations: a. When the contract for sale is unconditional and the goods involved are in a deliverable state at the time the purchase is made b. When the subject of the contract involves specific goods to which the seller is obligated to do something, such as repair, clean, or modify to get them into a deliverable state c. When the contract for sale involves specific, identified goods that must be weighed or measured before being given to the buyer d. When the goods are delivered to the buyer on approval e. When goods purchased by description have not been selected, separated out, or manufactured at the time the sales contract is entered into. 7. The Sale of Goods Act imposes terms relating to goods matching samples or descriptions and meeting standards of fitness, quality, and title. Explain the nature of these implied terms and their effect on the parties. Indicate which terms are conditions and which are warranties. Explain the significance of the distinction