Fill in the blank: A seller must have the right to sell the goods, which is known as the condition as to ___. |
Card: 1 / 20 |
True or False: If a buyer receives goods that do not match the description provided, they can reject the goods without inspection. |
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If the buyer voluntarily waives the condition or elects to treat the breach as a warranty, claiming only damages instead of repudiating the contract. |
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What is the implied condition regarding the quality of goods when they are sold by sample? |
Card: 7 / 20 |
Fill in the blank: According to the principle of Caveat Emptor, the buyer must be aware of the ___ in the goods being purchased. |
Card: 9 / 20 |
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Explain the concept of 'fitness for a particular purpose' in the context of a sales contract. |
Card: 11 / 20 |
Goods must meet buyer's needs.
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Card: 12 / 20 |
Multiple Choice: What type of statement in a sales contract can lead to legal implications if relied upon by the buyer? |
Card: 13 / 20 |
What is an example of a situation where the rule of Caveat Emptor does not apply? |
Card: 15 / 20 |
If the seller misrepresents the quality of the goods or conceals defects that the buyer could not discover through reasonable examination. |
Card: 16 / 20 |
True or False: A warranty allows the buyer to reject goods if they are found to be defective. |
Card: 17 / 20 |
False - A warranty only allows for a claim for damages, not rejection of the goods. |
Card: 18 / 20 |
What legal implications arise from statements made by a seller regarding the quality and fitness of goods in a contract of sale? |
Card: 19 / 20 |
Legal statements in sales are binding.
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Card: 20 / 20 |