Sale of Goods Act Definitions Quiz

_____ of Sale

Emption spei is also known as _____

Tradition Brevi Manu is a type of _____ delivery

Right of first refusal is sometimes referred to as _____ contract

_____ money is given to show good faith in a contract

______ is reserved in the seller and will pass to the buyer only upon full payment of the price

As to movables— delivery of the keys to a car

______ is with regard to the quantity and quality of the thing and not the existence of the thing

______ continues to be valid depending upon circumstances of time, place and person

______ is the proof that contract of sale exists

______ accrue from time sale is perfected but no real right over it until it is delivered

______ is the entry made in the registry which records solemnly and permanently the right of ownership and other real rights

______ is extinguished by happening/ non-happening of condition

______ grants an exclusive right in one person, for which he has paid a separate consideration, to buy a certain object within an agreed period

______ is extinguished when period has ended and may be withdrawn at will by offeror

______ is with regard to the existence of the thing

______ is with regard to the existence of the thing

____ barked

The ____ meowed

Depends upon the sole will of one of the contracting parties Right to retain the lawful possession of others property until ____

Right of seller to stop goods on the way to the buyer and resume possession on goods A document of title which states that the goods referred to therein will be delivered to the bearer, or to the order of any person named in such document Transferor/ holder acquires title to goods; Acquires title to goods against transferor Seller not bound to deliver if buyer has not paid him the ____

Goods are in transit Payment by several partial payments in small ____

A statement or representation made by the seller contemporaneously and as a part of the contract of sale, having reference to the character, quality, or title of the goods, and by which he promises or undertakes to insure that certain facts are or shall be as he then represents It must be an affirmation of fact or any promise by seller relating to the subject matter of sale Deemed included in all contracts of sale whether parties are actually aware or not Professional inspection but hidden defect is of such nature that expert knowledge is not sufficient to discover ____

If seller is a dealer in goods of that kind, there is an implied warranty that the goods shall be free from defect rendering them unmerchantable which would not be apparent on reasonable examination of the ____

A thing is considered lost when it perishes, or goes out of commerce, or disappears in such a way that its existence is unknown or it cannot be ____

The gratuitous abandonment by the creditor of his rights against the ____

The meeting in one person of the qualities/ characters of the creditor and debtor with respect to the same ____

The total or partial extinction of an obligation through the creation of a new one by changing their object or principal ____

The happening of the condition which extinguishes the ____

An Implied Agent acts from his ______

Gratuitous Agent receives no ______ for his services

General Agency comprises all the ______ of the principal

Couched in general terms, an Agent only acts of ______

Universal Agent is employed to do all acts which the principal may personally do, and which he can lawfully delegate to another the ______ of doing

Attorney-in-Fact is an agent whose authority is strictly limited by the instrument ______ him

By Public Advertisement, the agent is considered as such with regard to any ______

Agency by Estoppel occurs when the alleged agent seemed to have apparent or ostensible, although not real, authority to represent ______

Commission Agent is one whose business is to receive and sell goods for a commission and who is entrusted by the principal with the possession of goods to be sold, and usually selling in ______ own name

Ratification is the confirmation of an authorized act or conduct after it has ______

Apparent Authority is when the principal knowingly permits/ holds out the agent as possessing the necessary powers to act in a certain ______

Revocation is the termination of the agency by the subsequent act of the ______