Types of Goods in Sales Transactions Quiz

Quality of goods is irrelevant in a sale

Both buyer and seller are equally responsible for the quality of the goods

Seller is responsible for ensuring the quality of the goods

Buyer is responsible for ensuring the quality of the goods (correct)

A contract with fixed property transfer date

A contract without a specified price

A contract where the transfer of property depends on the fulfillment of certain conditions (correct)

A contract for immovable property

In sale, the buyer is responsible for defects; in agreement to sell, the seller is responsible for defects

In sale, the property in the goods is transferred immediately; in agreement to sell, it is transferred at a future date or on certain conditions (correct)

In sale, the price is variable; in agreement to sell, the price is fixed

There is no difference between sale and agreement to sell

<p>Movable property other than actionable claims and money</p> Signup and view all the answers

<p>Two parties, subject matter as goods, transfer of property, fixed price</p> Signup and view all the answers