Sales Activity # 3

Sales Activity # 3

Professional Development

20 Qs

quiz-placeholder

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Sales Activity # 3

Sales Activity # 3

Assessment

Quiz

Other

Professional Development

Hard

Created by

Kathryn Bullecer

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following is a principal obligation of a vendor? Choose all that apply.

to transfer ownership

To deliver the thing

To pay for expenses even if there is a contrary agreement

To take care of the thing, pending delivery, with extraordinary diligence

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the different ways of effecting a constructive delivery? Choose all that apply.

traditio longa manu

traditio brevi manu

tradition constitutum possessorium

tradition res perit domino

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is a derivative mode of acquiring ownership by virtue of which one who has the right and intention to alienate a corporeal thing, transmits it by virtue of a just title to one who accepts the same

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of sale wherein the goods are delivered to the buyer but ownership does not pass to the buyer upon delivery. Ownership only passes when the buyer signifies his approval of the goods delivered.

Sale on return

Sale on option

Sale on trial

Sale on credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of sale wherein ownership passes to the buyer upon delivery but he has the option to return the goods instead of paying the price.

Sale on return

Sale on option

Sale on trial

Sale on satisfaction

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

B purchases goods from S. S delivers the goods through a third-party carrier. When is delivery to a carrier not considered delivery to the buyer? Choose all that apply.

When the parties agree that delivery does not transfer ownership

when ownership is reserved by the seller

when seller exercises right of stoppage in transitu

When the carrier already has possession of the goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

B purchased S's goods. However, S retains ownership of the goods to ensure that B pays the full purchase price. During the delivery, the goods were lost due to a fortuitous event. Who shoulders the loss?

Regardless of S's reservation, B must shoulder the loss since there was already delivery.

S should shoulder the loss since the goods were lost while S still owned the goods.

The carrier, since he is still liable even if the loss is due to fortuitous event

B, S, and the carrier are equally responsible

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