Consumer Rights and Sales Regulations Exam Questions and Answers with Complete Solutions. Chapter 16
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Course
Business commerce
Institution
Business Commerce
Sales of Goods Act - Answers Intended to fill the gaps in the terms of a contract,applies to retail and commercial transactions,
T/F do terms in contract prevail over provisions in sales of goods act - Answers True
Sales of goods act applies to what? - Answers Goods- tangible items
Does sales of...
Consumer Rights and Sales Regulations Exam Questions and Answers with Complete Solutions.
Chapter 16
Sales of Goods Act - Answers Intended to fill the gaps in the terms of a contract,applies to retail and
commercial transactions,
T/F do terms in contract prevail over provisions in sales of goods act - Answers True
Sales of goods act applies to what? - Answers Goods- tangible items
Does sales of goods act apply to securing Loans - Answers NO title to goods must be transfered
he contra proferentum rule - Answers exclusion narely interepreted because it is in preferance of
insurance company that made it
t/f Comprehensive policies cover every peril except what is specifically excluded. - Answers True
t/f Businesses often take out life insurance against the death of key personnel. - Answers True
t/f Insurance agents only owe a duty to the person purchasing insurance. - Answers false
t/f You require an insurable interest in what is insured in order to have a valid insurance policy. -
Answers true
What is principle of subrogation as it relates to insurance law? - Answers c. Subrogation refers to the
principle that, if an insurance company pays out on a policy, they step into the shoes of the insured and
can sue whoever caused the loss as if it were the insured.
Use your Legal Links to answer this question. Pursuant to Section 14 of Alberta's Sale of Goods Act, in a
contract of sale, unless the circumstances of the contract show a different intention, there is:
Select one:
a. an implied warranty that the goods are free from any charge or encumbrance in favour of any third
party not declared or known to the seller before the contract is made.
b. an implied warranty that the seller shall have and enjoy quiet possession of the goods
c. an implied warranty that the goods are free from any charge or encumbrance in favour of any third
party not declared or known to the buyer before or at the time that the contract is made.
d. an implied warranty that the goods are free from any defect - Answers c
To which one of the following contracts would the Sale of Goods Act apply?
, Select one:
a. A contract with a dentist to have a tooth filled.
b. A contract for the purchase of a ranch and all its barns and stables.
c. A contract by which two chairs were swapped for two others.
d. A furniture purchase where title to the furniture will not pass to the buyer until some future date. -
Answers d
Which of the following statements about the Sale of Goods Act is TRUE?
Select one:
a. The Sale of Goods Act does apply to the assignment of a contractual claim.
b. Some of the terms of the Sale of Goods Act are implied in the contract of sale.
c. The Sale of Goods Act applies to the sale of land.
d. The terms included in the Sale of Goods Act override the terms agreed upon by the parties to such a
sale of goods. - Answers b
With respect to a sale of goods, which one of the following statements is true?
Select one:
a. If the parties do not agree otherwise, the time of payment is 20 days after the time of delivery.
b. If the parties do not agree otherwise, the risk of loss stays with the seller until delivery.
c. A seller who has been given a bad cheque that bounces (is dishonoured for insufficient funds) can sue
the puirchaser for breach of contract. If the seller still has possession of the goods, he also has rights
against the goods themselves.
d. The Sale of Goods Act also applies to the purchase of real estate and of bonds. - Answers c
To which one of the following would the Sale of Goods Act not apply?
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