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Sam has agreed to buy Mike's farm property. After some thought, Sam realizes he made a mistake and does not have the skills needed to

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Sam has agreed to buy Mike's farm property. After some thought, Sam realizes he made a mistake and does not have the skills needed to operate a farm. His cousin, Anna, has always dreamed of being an organic farmer and hears about Sam's deal with Mike. Anna offers to take buy the farm from Mike instead of Sam under the same agreement, with all the same terms. Sam and Anna conclude the arrangement in writing transferring Sam's rights to Anna and send a written notice to Mike of the new arrangement. 0 If the deal falls through, Sam will still need to be involved in any settlement as this is a Statutory Assignment. 0 Anna does not need to go through with the deal under any circumstance O This is an illegal contract 0 If all the terms of the Statutory Assignment Act have been met, Sam can walk away without having any future involvement Q U ESTIO N 21 In the sale of goods from a business to another business, the Sale of Goods Act provides O that the parties may not substitute their own terms in a contract where they differ from the standard terms is the Sale of Goods Act 0 terms that will be implied if the parties do not specify them. 0 that the price will be reasonable, even if the parties have already agreed upon a different price, 0 the Sale of Goods Act only applies to consumer contracts, not contracts between businesses

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