Sales and Consumer Relationship (Business Law)

Which of the following is not a remedy available to a seller if the buyer does not pay for the goods purchased? 0 The seller can refuse to deliver the goods. 0 The seller can stop delivery of the goods and take them back. The seller can recover a bankrupt buyer's goods that he has sold to a third party within 30 days of delivery. 0 The seller can retrieve the goods from a bankrupt buyer as long as it has been less than 30 days since delivery. The seller can sue for the contract price of the goods. Purchases of goods and services for personal use are called 0 consumer transactions. 0 business transactions. 0 freedom to contract. 0 consumer protections. O caveat emptor: Which of the following statements about consumer protection legislation is true? O Consumer protection legislation applies to the seller and not the maker of goods. O Consumer protection legislation applies solely to commercial transactions. O Consumer protection legislation does not address low quality goods. only unsafe ones. O Consumer protection is the exclusive jurisdiction of the federal government. O Consumer protection legislation addresses improper advertising. Which of the following statements is false about the Competition Act? 0 In order to prove misleading advertising, the prosecution must show the ad harmed competition. 0 A person found guilty of pyramid selling can be prohibited from doing so in the future. 0 A conspiracy to fix the price of potatoes, if proven, violates the Act. O A person may be sentenced to imprisonment for violation of the Act. Criminal violations of the Act must be proven beyond a reasonable doubt. Robert and Mary know each other and have mutual friends. At a group dinner, Robert sees Mary's credit card number. He writes this information down. Later he gives Mary's name, address, and the credit card number to Lisa. He knows that Lisa is planning on pretending to be Mary and use the credit card to buy a new couch. Assume the above facts can be proven. Has Robert violated the Criminal Code? 0 O O O 0 Yes. Since Robert gave the information to Lisa knowing she was going to commit fraud, his actions were criminal. No. Since Robert did not actually commit fraud, his actions were not criminal. No. Since Robert did nothing illegal to collect Mary's information, his actions were not criminal. Yes. Since Robert possessed Mary's personal information without permission, his actions were criminal. Maybe. If provincial law prohibited Robert from taking Mary's credit card information at dinner, then his actions would also be criminal under the Code. Ben is looking to purchase a used snowmobile. Heather, a salesperson at the local dealership, tells him the snowmobile he is looking at was only driven once a year on Christmas day. Ben is impressed to find a snowmobile that was used so little and decides to buy it. The sales contract states that there were no claims made other than those contained in the written contract. Later that year the snowmobile breaks down. When Ben discovers from his mechanic that the snowmobile had been used extensively before his purchase, he wants to sue Heather. Assume there is a provincial consumer protection statute prohibiting exaggerated claims, can he do so? 0 Yes, because anything said in negotiations is always a term of that contract 0 No, because Heather's claims were not a term in the written contract 0 Yes, because Heather made a false statement that is part of the contract 0 No, because the contract states no oral claims were made 0 No, because Heather believed her statement Which of the following is not something a consumer service body would do? 0 Investigate complaints of consumer protection statute violation 0 Sue a violating business on behalf of consumers 0 Provide information about dangerous products to the public 0 Impose fines on parties violating consumer protection statues O Criminally prosecute violators of consumer protection statutes Which of the following statements is true about online digital currencies? O O O O O Online digital currency legislation is likely to increase. Online digital currencies are covered by general consumer protection legislation. Online digital currencies are backed by various governments around the world. Paying with online digital currency is the same as paying with a certified cheque. Bitcoin is the only online digital currency currently available to the general public. In which of the following situations is Andy a holder in due course? O Andy sells goods to Beth. As payment Beth endorses a properly signed, valid looking cheque from Charles to Beth. Andy takes the cheque knowing that it is a forgery. O Andy sells goods to Beth. As payment Beth endorses a properly signed, valid looking cheque from Charles to Beth. Andy knows that Beth sold Charles a car that did not belong to her. O Andy sells goods to Beth. As payment Beth endorses a handwritten note from Charles to Beth saying "I promise to pay you soon." Andy has no knowledge of Charles or his dealings with Beth. O Andy sells goods to Beth. As payment Beth endorses a properly signed, valid looking cheque from Charles to Beth. Andy has no knowledge of Charles or his dealings with Beth. O Andy sells goods to Beth. As payment Beth endorses a signed cheque from Charles to Beth. The cheque is difficult to read and the signature badly smudged. Andy has no knowledge of Charles or his dealings with Beth