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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?

A contract by which the seller transfers or agrees to transfer the property in the goods to the buyer for a money consideration 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?

Contract of barter or exchange Signup and view all the answers

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 Signup and view all the answers

What are 'things in action'?

Intangible goods that cannot be physically possessed Signup and view all the answers

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 Signup and view all the answers

Why are 'things in action' so called?

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

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

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

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

The goods must be ascertained Signup and view all the answers

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

One is tangible and the other is intangible Signup and view all the answers