Sale of Goods – Page 5 – 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 – May 2017 – L1 – SB – Q5d – Sale of Goods

Identifies the implied conditions in a contract of sale where goods are sold by sample.

Question

There are implied conditions in all contracts of sale of goods.

Required:
Where goods are sold by sample, which conditions are implied?

Answer

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Tags: Implied Conditions, Sale by Sample, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2017

BL – Nov 2019 – L1 – SA – Q1 – Sale of Goods

Identifying the document a supplier sends to correct an understated invoice

Question

Which of the following documents will a supplier send to a customer whose invoice was understated?
A. Pro-forma invoice
B. Debit note
C. Credit note
D. Statement of account
E. Cheque stub

Answer

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Tags: Customer, Documents, Invoice, Supplier
Level: Level 1

Topic: Sale of Goods
Series: NOV 2019

BL – May 2017 – L1 – SA – Q14 – Sale of Goods

Identifies the type of transfer involved in a sale of goods transaction.

Question

Sale, in a sale of goods transaction, is the transfer of
A. Possession
B. Possession and property
C. Property
D. Bailment
E. Merchantable quantity

Answer

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Tags: Contract Law, Possession, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Sale of Goods
Series: MAY 2017

BL – March July 2020 – L1 – SB – Q4b – Sale of Goods

Explains the exceptions to the rule that only the owner of goods can pass a valid title to a buyer.

Question

In the sale of goods, only the owner of goods could pass a valid title.

Required:
State FOUR exceptions to the rule.

Answer

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Tags: Contract Law, Legal Exceptions, Sale of Goods, Transfer of Title
Level: Level 1

Topic: Sale of Goods
Series: MAR/JULY 2020

BL – March July 2020 – L1 – SB – Q3a – Sale of Goods

Legal advice on breach of contract and actions for a seller against a defaulting buyer under the Sale of Goods Act.

Question

Bature Company Limited is a big manufacturer of a special brand of industrial split-unit air conditioners in the country. The company has a standard contract with all its distributors not to sell air conditioners above ₦200,000 per unit so as to make its products attractive in the market, and each distributor also obtained the same undertaking from their customers.

Katifa Ventures, one of the company’s major distributors, sold 20 units at the agreed price of ₦200,000 to Chinedu Enterprises, who resold each at ₦250,000, even though it also signed the undertaking. Bature Company Limited got to know this and intends to take legal action against Chinedu Enterprises.

Required:
Advise Bature Company Limited, explaining the legal issues involved.

Answer

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Tags: Breach of Contract, Contract Law, Legal Advice, Legal Liability, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAR/JULY 2020

BL – MarJul 2020 – L1 – SA – Q14 – Sale of Goods

Question on the meaning of the principle "Caveat Emptor" in the sale of goods.

Question

In sale of goods, caveat emptor means
A. Buyer beware
B. No bargaining
C. Direct buyer only
D. Cash on delivery
E. Not negotiable

Answer

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Tags: Buyer Beware, Caveat Emptor, Consumer Protection, Sale of Goods Act
Level: Level 1

Topic: Sale of Goods
Series: MAR/JULY 2020

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

Question

a. As a general rule in sale of goods, only the owner of goods or any person acting with his authority could transfer title to it. This is otherwise known as the nemo dat quod non habet rule.

Required:
State SIX exceptions to the rule. (6 Marks)

Answer

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Tags: Exceptions, Nemo Dat Rule, Property Law, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2024

BL – MAY 2016 – L1 – SA – Q15 – Sale of Goods

This question asks about terms that are not implied in a sale of goods contract.

Question

Which of the following is NOT an implied term in a sale of goods contract?
A. The seller having title to the goods
B. The goods corresponding with the description
C. The sample of goods corresponding with the bulk
D. The goods being of satisfactory quality
E. The government being informed about the transaction

Answer

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Tags: Contract Law, Implied Terms, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2016

BL – May 2024 – L1 – SA – Q8 – Sale of Goods

Identify the type of goods not identified at the time of contract.

Question

In a sale of goods contract, goods that are not identified and agreed upon at the time of contract are:

A. Generic goods
B. Prospective goods
C. Specific goods
D. Unascertained goods
E. Perishable goods

Answer

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Tags: Contracts, Sale of Goods, Unascertained Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2024

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

Identify what goods yet to be manufactured are called under the Sale of Goods Act.

Question

Under the Sale of Goods Act, goods that are yet to be manufactured are called
A. Existing goods
B. Specific goods
C. Ascertained goods
D. Future goods
E. Unascertained goods

Answer

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

Topic: Sale of Goods
Series: MAY 2015

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.

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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 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 – May 2017 – L1 – SB – Q5d – Sale of Goods

Identifies the implied conditions in a contract of sale where goods are sold by sample.

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BL – Nov 2019 – L1 – SA – Q1 – Sale of Goods

Identifying the document a supplier sends to correct an understated invoice

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BL – May 2017 – L1 – SA – Q14 – Sale of Goods

Identifies the type of transfer involved in a sale of goods transaction.

You're reporting an error for "BL – May 2017 – L1 – SA – Q14 – Sale of Goods"

BL – March July 2020 – L1 – SB – Q4b – Sale of Goods

Explains the exceptions to the rule that only the owner of goods can pass a valid title to a buyer.

You're reporting an error for "BL – March July 2020 – L1 – SB – Q4b – Sale of Goods"

BL – March July 2020 – L1 – SB – Q3a – Sale of Goods

Legal advice on breach of contract and actions for a seller against a defaulting buyer under the Sale of Goods Act.

You're reporting an error for "BL – March July 2020 – L1 – SB – Q3a – Sale of Goods"

BL – MarJul 2020 – L1 – SA – Q14 – Sale of Goods

Question on the meaning of the principle "Caveat Emptor" in the sale of goods.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q14 – Sale of Goods"

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

You're reporting an error for "BL – May 2024 – L1 – SB – Q6a – Sale of Goods"

BL – MAY 2016 – L1 – SA – Q15 – Sale of Goods

This question asks about terms that are not implied in a sale of goods contract.

You're reporting an error for "BL – MAY 2016 – L1 – SA – Q15 – Sale of Goods"

BL – May 2024 – L1 – SA – Q8 – Sale of Goods

Identify the type of goods not identified at the time of contract.

You're reporting an error for "BL – May 2024 – L1 – SA – Q8 – Sale of Goods"

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

Identify what goods yet to be manufactured are called under the Sale of Goods Act.

You're reporting an error for "BL – May 2015 – L1 – SA – Q17 – Sale of Goods"

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