Sale of Goods – Page 2 – NBC Institute

BL – Nov 2020 – L1 – SB – Q4c – Sale of Goods

List situations where a seller without title can pass good title to a buyer.

Question

In sale of goods law, a buyer could acquire ownership of goods only if the seller had title to such goods.

Required:
State FIVE instances where a seller who has no title could pass a good title to the buyer in a sale of goods transaction.

Answer

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Tags: Buyer’s Rights, Good Title, Ownership Transfer, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2020

BL – Nov 2020 – L1 – SA – Q12 – Sale of Goods

Objective question identifying a type of sale where property is transferred immediately and unconditionally.

Question

12. A contract of sale of goods in which property in the goods is transferred immediately and unconditionally is a/an
A. Outright sale
B. Conditional sale
C. Credit sale
D. Hire purchase
E. Consumer sale

Answer

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Tags: Contract Types, Outright Sale, Property Transfer, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2020

BL – May 2012 – L1 – SA – Q6 – Sale of Goods

Identify the type of goods yet to be grown, manufactured, or acquired by the seller.

Question

The type of goods which is to be grown, manufactured, identified, and agreed upon or acquired by the seller after making the contract for the sale of goods is known as:

Answer

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Tags: Business Law, Future Goods, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2012

BL – May 2012 – L1 – SA – Q14 – Sale of Goods

Determine when the risk in goods transfers from seller to buyer in a sale of goods contract.

Question

In an agreement for the sale of goods, the risk remains with the seller until:

A. Sale is completed
B. Goods are inspected to the satisfaction of the buyer
C. Final payment is made by the buyer
D. Cost, insurance, and freight are paid for
E. Bill of lading is signed by the seller

Answer

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Tags: Business Law, Contracts, Risk, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2012

BL – Nov 2011 – L1 – SB – Q3a – Sale of Goods

Identifying three classifications of goods under the Sale of Goods Act.

Question

Explain THREE classifications of goods under the Sale of Goods Act.

Answer

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Tags: Future Goods, Sale of Goods, Specific Goods, Unascertained Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2011

BL – Nov 2011 – L1 – SA – Q18 – Sale of Goods

Understanding when goods identified at the time of the contract of sale are transferred.

Question

Goods identified and agreed upon at the time of contract of sale is …………………………

Answer

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Tags: Agreement to Sale, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Sale of Goods
Series: NOV 2011

BL – Nov 2011 – L1 – SA – Q19 – Sale of Goods

Understanding when property passes in unascertained goods.

Question

Property will not pass in unascertained goods until the goods are ……………………………

Answer

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Tags: Sale of Goods, Transfer of Property, Unascertained Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2011

BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

Question

The bailment of goods in pursuance of an agreement under which the property in the goods will or may pass to the buyer is ……………………………..

Answer

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Tags: Bailment, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – Nov 2012 – L1 – SA – Q9 – Sale of Goods

Identify the legal maxim for the right of an unpaid seller.

Question

What is the legal maxim for the right of an unpaid seller of goods to retake and retain possession of the goods which are still on the way to the buyer?

Answer

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Tags: Sale of Goods, Seller’s Rights
Level: Level 1

Topic: Sale of Goods
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q11 – Sale of Goods

Identify the description of existing goods.

Question

Which of the following is a description of existing goods?
A. Goods that existed before the contract of sale
B. Goods which the manufacturers had agreed to produce for the seller
C. Goods that the buyer had identified in the market
D. Goods owned or possessed by the seller at the time of sale
E. Goods which the government has classified as marketable

Answer

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Tags: Contract of Sale, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2012

BL – May 2014 – L1 – SB – Q3 – Sale of Goods,

Discussing classes of goods under the Sale of Goods Act and characteristics of hire purchase transactions.

Question

a. In commercial transactions, goods and services are offered and sold. Explain briefly TWO classes of goods under the Sale of Goods Act. (5 Marks)

b. In hire purchase agreements, goods are delivered to the hirer who pays some money to the owner of goods as deposit. Explain briefly TWO characteristics of a hire purchase transaction. (5 Marks)

c. Steven insured his five-storey building with ABC Insurance Company Limited and paid the premium for the building. Steven had been told by his engineers that the building is weak and may collapse in no distant future, but Steven did not disclose this to his insurers, thinking it was immaterial. A year after the policy was issued, the building collapsed and the insurance company has refused to indemnify Steven on the ground of non-disclosure of a material fact. State the relevant law and advise the parties. (5 Marks)

Answer

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Tags: Contract Law, Hire Purchase, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2014

BL – Nov 2015 – L2 – SB – Q5c – Sale of Goods

List four types of goods as defined under the Sale of Goods Act.

Question

Under the Sale of Goods Act, “Goods means chattel-personal other than money”.

Required:

List FOUR types of goods.
(4 Marks)

Answer

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Tags: Chattels, Sale of Goods, Types of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2015

BL – May 2014 – L1 – SA – Q8 – Sale of Goods

Identifying goods produced but not yet delivered in sale of goods law.

Question

In Sale of Goods law, goods which have been produced by the seller are known as ____________.

Answer

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Tags: Produced Goods, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2014

BL – May 2014 – L1 – SA – Q9 – Sale of Goods

Assessing an agreement to buy goods by installments and transfer ownership.

Question

An agreement to buy goods and subsequently pay for it by installments on the term that ownership will pass when the final installment is paid is:
A. A credit sale
B. A hire purchase
C. A conditional sale
D. An outright sale
E. A provisional sale

Answer

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Tags: Installment Sale, Ownership, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2014

BL – May 2014 – L1 – SA – Q8 – Sale of Goods

Understanding the rule that a non-owner cannot pass good title

Question

The rule in sale of goods contract that a non-owner cannot validly pass good title is often expressed in Latin as:
A. Quic quid plantatur solo solo cedit
B. Volenti non fit injuria
C. Nemo dat quod non habet
D. Ex dolo malo non oritur actio
E. Caveat emptor

Answer

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Tags: Latin Maxims, Passing Title, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2014

BL – Nov 2013 – L1 – SB – Q3a – Sale of Goods

Stating five essential elements of a sale of goods contract.

Question

In a contract of sale of goods, the seller must transfer to the buyer goods bought, and the goods must have certain qualities.

You are required to:
State FIVE essential elements of a contract of sale of goods.

Answer

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Tags: Contractual Agreements, Essential Elements, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the right to retain possession of goods before delivery to the buyer.

Question

The right to retain possession of goods before they are delivered to the buyer is _____________________.

Answer

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Tags: Legal Rights, Possession, Sale of Goods, Short Answer
Level: Level 1

Topic: Sale of Goods
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the type of goods in the possession of the seller.

Question

In a Sale of Goods transaction, goods in the possession of the seller are called

A. Sellable goods
B. Ascertained goods
C. Common goods
D. Existing goods
E. Future goods

Answer

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Tags: Contract Law, Goods Classification, Multiple Choice, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2013

BL – Nov 2015 – L1 – SA – Q17 – Sale of Goods

Identifying non-implied conditions in Sales of Goods transactions.

Question

Which of the following is NOT an implied condition or warranty in Sales of Goods transactions?
A. Title
B. Time
C. Sale by sample
D. Customs and traditional usage
E. Fitness of purpose

Answer

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Tags: Implied Conditions, Legal Warranties, Multiple Choice, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2015

BL – May 2018 – L1 – SA – Q14 – Sale of Goods

Identify when property in unascertained goods passes to the buyer.

Question

Property in unascertained goods passes when the goods are
A. Produced
B. Ascertained
C. In the warehouse
D. Packaged
E. In transit

Answer

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Tags: Sale of Goods, Transfer of Property
Level: Level 1

Topic: Sale of Goods
Series: MAY 2018

Question Tag: Sale of Goods

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BL – Nov 2020 – L1 – SB – Q4c – Sale of Goods

List situations where a seller without title can pass good title to a buyer.

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BL – Nov 2020 – L1 – SA – Q12 – Sale of Goods

Objective question identifying a type of sale where property is transferred immediately and unconditionally.

You're reporting an error for "BL – Nov 2020 – L1 – SA – Q12 – Sale of Goods"

BL – May 2012 – L1 – SA – Q6 – Sale of Goods

Identify the type of goods yet to be grown, manufactured, or acquired by the seller.

You're reporting an error for "BL – May 2012 – L1 – SA – Q6 – Sale of Goods"

BL – May 2012 – L1 – SA – Q14 – Sale of Goods

Determine when the risk in goods transfers from seller to buyer in a sale of goods contract.

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BL – Nov 2011 – L1 – SB – Q3a – Sale of Goods

Identifying three classifications of goods under the Sale of Goods Act.

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BL – Nov 2011 – L1 – SA – Q18 – Sale of Goods

Understanding when goods identified at the time of the contract of sale are transferred.

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BL – Nov 2011 – L1 – SA – Q19 – Sale of Goods

Understanding when property passes in unascertained goods.

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BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

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BL – Nov 2012 – L1 – SA – Q9 – Sale of Goods

Identify the legal maxim for the right of an unpaid seller.

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BL – Nov 2012 – L1 – SA – Q11 – Sale of Goods

Identify the description of existing goods.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q11 – Sale of Goods"

BL – May 2014 – L1 – SB – Q3 – Sale of Goods,

Discussing classes of goods under the Sale of Goods Act and characteristics of hire purchase transactions.

You're reporting an error for "BL – May 2014 – L1 – SB – Q3 – Sale of Goods,"

BL – Nov 2015 – L2 – SB – Q5c – Sale of Goods

List four types of goods as defined under the Sale of Goods Act.

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BL – May 2014 – L1 – SA – Q8 – Sale of Goods

Identifying goods produced but not yet delivered in sale of goods law.

You're reporting an error for "BL – May 2014 – L1 – SA – Q8 – Sale of Goods"

BL – May 2014 – L1 – SA – Q9 – Sale of Goods

Assessing an agreement to buy goods by installments and transfer ownership.

You're reporting an error for "BL – May 2014 – L1 – SA – Q9 – Sale of Goods"

BL – May 2014 – L1 – SA – Q8 – Sale of Goods

Understanding the rule that a non-owner cannot pass good title

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BL – Nov 2013 – L1 – SB – Q3a – Sale of Goods

Stating five essential elements of a sale of goods contract.

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BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the right to retain possession of goods before delivery to the buyer.

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BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the type of goods in the possession of the seller.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods"

BL – Nov 2015 – L1 – SA – Q17 – Sale of Goods

Identifying non-implied conditions in Sales of Goods transactions.

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BL – May 2018 – L1 – SA – Q14 – Sale of Goods

Identify when property in unascertained goods passes to the buyer.

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