Sale of Goods – Page 4 – 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 2012 – L1 – SA – Q10 – Sale of Goods

Identify the type of goods subject to a contract of sale.

Question

Goods which may be subject matter of a contract of sale of goods may be either existing goods or

Answer

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Tags: Contracts, Future Goods, Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2012

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 2022 – L1 – SA – Q14 – Sale of Goods

Identifying the right of an unpaid seller to retain possession of goods under the Sale of Goods Act.

Question

The right of unpaid seller to retain possession of property until he is paid, under the sale of goods act, is referred to as:

A. Lien
B. Confiscation
C. Revocation
D. Repudiation
E. Rescission

Answer

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Tags: Lien, Sale of Goods Act
Level: Level 1

Topic: Sale of Goods
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

BL – Nov 2023 – L1 – SB – Q3b – Sale of Goods

Discusses property and possession in a sale of goods contract and outlines the buyer’s rights.

Question

Sale of goods contract involves the seller transferring ownership of goods to the buyer for a price.
Required:
i. Explain property and possession in sale of goods contract.
(2 Marks)
ii. State THREE rights of a buyer in sale of goods contract. (3 Marks)

Answer

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Tags: Buyer’s Rights, Possession, Property, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2023

BL – Nov 2023 – L1 – SA – Q14 – Sale of Goods

This question asks when a sale of goods transaction is considered complete.

Question

A sale of goods transaction is completed on transfer of:
A. Appurtenances
B. Possession and title in the property
C. Possession
D. Property
E. Title

Answer

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

Topic: Sale of Goods
Series: NOV 2023

BL – Nov 2019 – L1 – SB – Q6d – Sale of Goods

Explanation of buyer's remedies for breach of contract terms by the seller.

Question

Under sale of goods law, the seller and buyer have obligations to each other.
Required:
Explain briefly THREE remedies available to a buyer for breach of contract terms by the seller. (6 Marks)

Answer

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Tags: Breach of Contract, Buyer remedies, Remedies, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2019

BL – May 2023 – L1 – SA – Q4 – Sale of Goods

Identify the correct term for the seller's wrongful refusal to release possession of goods to the buyer.

Question

In a sale of goods, the wrongful refusal of the seller to release possession of goods to the buyer is called:

A. Retinue
B. Seizure
C. Impoundment
D. Detinue
E. Stoppage

Answer

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Tags: Buyer’s Rights, Detinue, Sale of Goods, Wrongful Refusal
Level: Level 1

Topic: Sale of Goods
Series: MAY 2023

BL – Nov 2019 – L1 – SA – Q14 – Sale of Goods

Identifies an exception to the application of the nemo dat rule under sale of goods law.

Question

Under sale of goods law, the rule in nemo dat quod non habet is not applicable where the goods are:
A. Not necessaries
B. Sold in market overt
C. In saleable condition
D. Damaged
E. Ascertained

Answer

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Tags: Market Overt, Nemo Dat Rule, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q11 – Sale of Goods

Identifies the appropriate remedy for breach of warranty under sale of goods law.

Question

Under sale of goods law, which of the following is a remedy for breach of warranty?
A. Termination
B. Restitution
C. Rescission
D. Rejection
E. Damages

Answer

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Tags: Breach of Warranty, Remedies, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2019

Topic: 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.

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.

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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 2012 – L1 – SA – Q10 – Sale of Goods

Identify the type of goods subject to a contract of sale.

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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.

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

Identifying the right of an unpaid seller to retain possession of goods under the Sale of Goods Act.

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

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

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

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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"

BL – Nov 2023 – L1 – SB – Q3b – Sale of Goods

Discusses property and possession in a sale of goods contract and outlines the buyer’s rights.

You're reporting an error for "BL – Nov 2023 – L1 – SB – Q3b – Sale of Goods"

BL – Nov 2023 – L1 – SA – Q14 – Sale of Goods

This question asks when a sale of goods transaction is considered complete.

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BL – Nov 2019 – L1 – SB – Q6d – Sale of Goods

Explanation of buyer's remedies for breach of contract terms by the seller.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q6d – Sale of Goods"

BL – May 2023 – L1 – SA – Q4 – Sale of Goods

Identify the correct term for the seller's wrongful refusal to release possession of goods to the buyer.

You're reporting an error for "BL – May 2023 – L1 – SA – Q4 – Sale of Goods"

BL – Nov 2019 – L1 – SA – Q14 – Sale of Goods

Identifies an exception to the application of the nemo dat rule under sale of goods law.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q14 – Sale of Goods"

BL – Nov 2019 – L1 – SA – Q11 – Sale of Goods

Identifies the appropriate remedy for breach of warranty under sale of goods law.

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