Contract of Sale of Goods under SGA 1979
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Contract of Sale of Goods under SGA 1979

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Questions and Answers

What is the primary consideration required for a contract of sale of goods?

  • Transfer of property for a money consideration (correct)
  • Mere transfer of possession
  • Transfer of goods for a service
  • Donation of goods without payment
  • 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 (correct)
  • Agreement to sell
  • Contract of service
  • Bailment
  • What is the key distinction between a 'sale' and an 'agreement to sell' in the SGA 1979?

  • The method of payment
  • The price of the goods
  • The type of goods being sold
  • The time when property in the goods is transferred (correct)
  • What is the definition of a contract of sale of goods in s.2(1) of the SGA 1979?

    <p>A contract by which the seller transfers or agrees to transfer the property in the goods to the buyer for a money consideration</p> Signup and view all the answers

    What type of contract does not fulfill the definition of a contract of sale of goods within the SGA 1979?

    <p>Contract of barter or exchange</p> Signup and view all the answers

    Why is a transfer of mere possession not sufficient for a contract of sale of goods?

    <p>Because it does not involve the transfer of property</p> Signup and view all the answers

    What are 'things in action'?

    <p>Intangible goods that cannot be physically possessed</p> Signup and view all the answers

    What is the purpose of distinguishing between a 'sale' and an 'agreement to sell' in the SGA 1979?

    <p>To determine the time when property in the goods is transferred</p> Signup and view all the answers

    Why are 'things in action' so called?

    <p>Because they can only be claimed or enforced through legal action</p> Signup and view all the answers

    Which of the following would be an example of unascertained goods?

    <p>A crop of strawberries to be grown on a specific field</p> Signup and view all the answers

    What is the condition for property in unascertained goods to pass to the buyer?

    <p>The goods must be ascertained</p> Signup and view all the answers

    What is the key difference between 'things in possession' and 'things in action'?

    <p>One is tangible and the other is intangible</p> Signup and view all the answers

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