Sale of Goods – Page 3 – 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 – Nov 2014 – L1 – SB – Q4c – Sale of Goods

Explain two conditions for lifting the corporate veil and two duties of a seller in a sale of goods contract.

Question

i. Upon incorporation, a company enjoys a corporate personality, separate from its owners.
Required:
Explain any TWO conditions under which the veil of incorporation of a company may be lifted.
(5 Marks)

ii. Parties to a sale of goods transaction owe certain duties under the law.
Required:
Explain any TWO duties of a seller in a sale of goods contract.
(5 Marks)

Answer

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Tags: Corporate Personality, Sale of Goods, Seller’s Duties, Veil of Incorporation
Level: Level 1

Topic: Sale of Goods
Series: NOV 2014

BL – Nov 2021 – L1 – SB – Q5a – Sale of Goods

Examining contractual issues in sales agreements

Question

Christopher and Uche signed a sale agreement for goods, which were in Christopher’s showroom specifically identified as 20 cartons of tomato puree. The parties agreed that Uche would take delivery at Christopher’s shop with his truck, which Uche did, but before getting to his store, the truck fell into a ditch, and the goods were all destroyed. Uche has refused to pay the price on the ground that the goods did not get to him.

Required:
i. What kind of goods is the subject of the agreement? (1 Mark)
ii. Advise Christopher under the Sale of Goods Act of his rights, explaining briefly who should bear the loss. (4 Marks)

Answer

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Tags: Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2021

BL – May 2022 – L1 – SB – Q6b – Company Law | Law of Contract

Advise Ogogo on Ibrahim’s argument that he sold the vehicle to his incorporated company.

Question

Ibrahim agreed to sell a vehicle to Ogogo. He subsequently incorporated Ibrahim Limited and sold the vehicle to it at a better profit.

Ogogo has approached you for advice.

Required:
Advise Ogogo on Ibrahim’s argument that he has sold the vehicle to Ibrahim Limited, which is a corporate entity.

Answer

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Tags: Contract Law, Corporate Entity, Sale of Goods
Level: Level 1

Topic: Company Law, Law of Contract
Series: MAY 2022

BL – Nov 2021 – L1 – SA – Q14 – Sale of Goods

Determining the meaning of “delivery” in the sale of goods.

Question

In a sale of goods, the seller is under a duty to deliver the goods to the buyer. The delivery means
A. Transfer of ownership to the buyer
B. Transfer of possession to the buyer
C. Transfer of possession and ownership to the buyer
D. Collection of the goods by the buyer
E. Demand of the goods by the buyer

Answer

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Tags: Delivery, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2021

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

Question

Generally, only the owner of goods can validly transfer property or ownership in them to a third party.

Required:
State SIX exceptions to the preceding rule of sale of goods.

Answer

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Tags: Exceptions, Ownership Transfer, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2022

BL – Nov 2022 – L1 – SB – Q6c – Sale of Goods

Explaining the transfer of ownership in the sale of specific goods when no intention is expressed.

Question

The general rule under the Sale of Goods Act is that ownership in the goods passes when the parties intend.

Required:
Explain three circumstances for the transfer of ownership of specific goods where no intention of the parties appears in the contract.

Answer

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

Topic: Sale of Goods
Series: NOV 2022

BL – Nov 2022 – L1 – SB – Q4c – Agency Law

Advising on the legal implications of Tobi’s sale of goods due to emergency.

Question

Jaga contracted Tobi, a transporter, to deliver a trailer-load of bagged salt from Lagos to a customer in Abuja. Midway on the journey and in a remote village, it started raining and the salt was melting as the consignment was exposed. In order to prevent total loss of the consignment, Tobi quickly stopped at the nearest market and sold the wet salt to a buyer at half price.

Jaga is annoyed with Tobi and intends to sue the buyer to recover the salt, claiming that Tobi had no authority to act on his behalf.

Required:
Advise Jaga on his intended action against the buyer.

Answer

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Tags: Agency of Necessity, Principal-Agent Relationship, Sale of Goods
Level: Level 1

Topic: Agency Law
Series: NOV 2022

BL – May 2022 – L1 – SA – Q14 – Sale of Goods

Define the type of condition "fitness for purpose" in the sale of goods.

Question

In a sale of goods, fitness for purpose is an/a
A. Implied condition
B. Negotiated condition
C. Optional condition
D. Exclusive condition
E. Express condition

Answer

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Tags: Contracts, Implied Conditions, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2022

BL – May 2021 – L1 – SB – Q5a – Sale of Goods

Classification and significance of the subject matter under the Sale of Goods Act.

Question

Thabita called Ijeda, a distributor of different brands of cement, and expressed her intention to buy 500 bags of good cement. A notice board in front of Ijeda’s shop has a notice that reads, “Cement for sale at N1,500.” Thabita transferred the sum of N750,000 to Ijeda electronically and called at the latter’s store to collect 500 bags of “Dan” Cement, each of which sells for N2,000. Ijeda’s shop attendant asked Thabita’s assistants to take “Ele” Cement, that sells for N1,500, but Thabita insists that she had paid for 500 bags of “Dan” Cement, which now belong to her.

Required:
i. Applying the Sale of Goods Law/Act, explain the classification of the subject matter of the transaction between Thabita and Ijeda. (2 Marks)

ii. Explain the significance of the classification of the subject matter. (3 Marks)

Answer

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

Topic: Sale of Goods
Series: MAY 2021

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

Question

Which of the following is not a subject matter of a sale of goods contract?

A. Motor car
B. Ascertained goods
C. Unascertained goods
D. Specific goods
E. Personality

Answer

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Tags: Commercial Transactions, Contracts, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2021

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.

You're reporting an error for "BL – Nov 2020 – L1 – SB – Q4c – Sale of Goods"

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.

You're reporting an error for "BL – May 2012 – L1 – SA – Q14 – Sale of Goods"

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

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

You're reporting an error for "BL – Nov 2011 – L1 – SB – Q3a – Sale of Goods"

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

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

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q18 – Sale of Goods"

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

Understanding when property passes in unascertained goods.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q19 – Sale of Goods"

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

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

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q3 – Law of Contract"

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

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

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q9 – Sale of Goods"

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 – Nov 2014 – L1 – SB – Q4c – Sale of Goods

Explain two conditions for lifting the corporate veil and two duties of a seller in a sale of goods contract.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q4c – Sale of Goods"

BL – Nov 2021 – L1 – SB – Q5a – Sale of Goods

Examining contractual issues in sales agreements

You're reporting an error for "BL – Nov 2021 – L1 – SB – Q5a – Sale of Goods"

BL – May 2022 – L1 – SB – Q6b – Company Law | Law of Contract

Advise Ogogo on Ibrahim’s argument that he sold the vehicle to his incorporated company.

You're reporting an error for "BL – May 2022 – L1 – SB – Q6b – Company Law | Law of Contract"

BL – Nov 2021 – L1 – SA – Q14 – Sale of Goods

Determining the meaning of “delivery” in the sale of goods.

You're reporting an error for "BL – Nov 2021 – L1 – SA – Q14 – Sale of Goods"

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

You're reporting an error for "BL – May 2022 – L1 – SB – Q2c – Sale of Goods"

BL – Nov 2022 – L1 – SB – Q6c – Sale of Goods

Explaining the transfer of ownership in the sale of specific goods when no intention is expressed.

You're reporting an error for "BL – Nov 2022 – L1 – SB – Q6c – Sale of Goods"

BL – Nov 2022 – L1 – SB – Q4c – Agency Law

Advising on the legal implications of Tobi’s sale of goods due to emergency.

You're reporting an error for "BL – Nov 2022 – L1 – SB – Q4c – Agency Law"

BL – May 2022 – L1 – SA – Q14 – Sale of Goods

Define the type of condition "fitness for purpose" in the sale of goods.

You're reporting an error for "BL – May 2022 – L1 – SA – Q14 – Sale of Goods"

BL – May 2021 – L1 – SB – Q5a – Sale of Goods

Classification and significance of the subject matter under the Sale of Goods Act.

You're reporting an error for "BL – May 2021 – L1 – SB – Q5a – Sale of Goods"

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

You're reporting an error for "BL – May 2021 – L1 – SA – Q14 – Sale of Goods"

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