Legislation in the Marketplace Quiz

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Questions and Answers

What type of goods does the Sale of Goods Act apply to?

  • Only tangible moveable goods
  • Intangible goods
  • Tangible moveable goods sold for money (correct)
  • Only retail sales

When does the Sale of Goods Act apply?

  • When goods are transferred for free
  • When title will pass sometime in the future
  • Only in retail transactions
  • When title transfers at the time of the contract (correct)

What is the purpose of the Sale of Goods Act?

  • To imply missing terms into each contract (correct)
  • To outline the duties of sellers and buyers
  • To regulate securities
  • To control competition in the marketplace

What transactions does the Sale of Goods Act apply to?

<p>All transactions involving goods (C)</p> Signup and view all the answers

What type of goods does the Sale of Goods Act apply to?

<p>Only tangible moveable goods (C)</p> Signup and view all the answers

What type of goods does the Sale of Goods Act apply to?

<p>Tangible moveable goods (B)</p> Signup and view all the answers

When does the Sale of Goods Act apply?

<p>When goods are transferred or sold (D)</p> Signup and view all the answers

What is the purpose of the Sale of Goods Act?

<p>To imply missing terms into contracts for the sale of goods (C)</p> Signup and view all the answers

Under what conditions does the Sale of Goods Act apply?

<p>When title will transfer at the time of the contract or in the future (A)</p> Signup and view all the answers

What is the scope of the Sale of Goods Act?

<p>All transactions where goods are sold (A)</p> Signup and view all the answers

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