12 Questions
What is the primary consideration required for a contract of sale of goods?
Transfer of property for a money consideration
What type of contract is characterized by the transfer of property in goods from the seller to the buyer at the time of the agreement?
Sale
What is the key distinction between a 'sale' and an 'agreement to sell' in the SGA 1979?
The time when property in the goods is transferred
What is the definition of a contract of sale of goods in s.2(1) of the SGA 1979?
A contract by which the seller transfers or agrees to transfer the property in the goods to the buyer for a money consideration
What type of contract does not fulfill the definition of a contract of sale of goods within the SGA 1979?
Contract of barter or exchange
Why is a transfer of mere possession not sufficient for a contract of sale of goods?
Because it does not involve the transfer of property
What are 'things in action'?
Intangible goods that cannot be physically possessed
What is the purpose of distinguishing between a 'sale' and an 'agreement to sell' in the SGA 1979?
To determine the time when property in the goods is transferred
Why are 'things in action' so called?
Because they can only be claimed or enforced through legal action
Which of the following would be an example of unascertained goods?
A crop of strawberries to be grown on a specific field
What is the condition for property in unascertained goods to pass to the buyer?
The goods must be ascertained
What is the key difference between 'things in possession' and 'things in action'?
One is tangible and the other is intangible
Test your understanding of the Sale of Goods Act 1979 with this quiz, covering the definition of a contract of sale of goods and its key elements. Learn about the transfer of property in goods for money consideration and more. Review the SGA 1979 and assess your knowledge of contract law.
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