Understanding Sales of Goods

Understanding Sales of Goods

Assessment

Flashcard

Social Studies

KG

Hard

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the Sales of Goods Act?

Back

The Sales of Goods Act regulates the sale of goods and defines the rights and duties of buyers and sellers.

2.

FLASHCARD QUESTION

Front

Who does the Sales of Goods Act protect?

Back

The Sales of Goods Act protects buyers and sellers.

3.

FLASHCARD QUESTION

Front

What is a 'good' in the Sales of Goods Act?

Back

A 'good' is tangible movable property that can be bought or sold.

4.

FLASHCARD QUESTION

Front

Can you return a good if it is faulty?

Back

Yes, you can return a faulty good.

5.

FLASHCARD QUESTION

Front

What does 'warranty' mean in sales?

Back

A warranty is a guarantee that a product will perform as promised for a certain period.

6.

FLASHCARD QUESTION

Front

What is a 'contract' in simple terms?

Back

A contract is a legal agreement between parties.

7.

FLASHCARD QUESTION

Front

Why is it important to have a receipt?

Back

It is important to have a receipt for proof of purchase and for tracking expenses.

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