According to the Sale of Goods Act 1957, which of the following items are classified as "goods"?

• Land and buildings

• Stock and shares

• Money

• Growing crops

Which of the following statements is true regarding the Sale of Goods Act 1957?

• It applies to all states in Malaysia.

• It exclusively governs contracts related to services.

• It applies only to the states of Penang, Malacca, Sabah, and Sarawak.

• It governs contracts for the sale of goods unless inconsistent with the Contracts Act 1950.

Which types of goods are recognized under the Sale of Goods Act 1957?

• Existing goods

• Future goods

• Non-physical goods

• Specific goods

In a sales contract, which of the following elements must be present?

• An offer to sell or buy goods

• Transfer of ownership of the goods

• A signed written agreement

• Money consideration (price)

What are the conditions under which the price in a sales contract can be determined?

• Fixed by the contract

• Left to be determined in a manner agreed upon in the contract

• Determined by the seller's discretion

• By the course of dealing between the parties

Which of the following best describes a "condition" in a sales contract?

• A stipulation essential to the main purpose of the contract

• A minor stipulation that can be overlooked

• A stipulation that allows for repudiation of the contract

• A stipulation that gives rise to a claim for damages

In what scenario does the buyer lose legal rights against the seller according to the principle of "caveat emptor"?

• If the buyer fails to inspect the goods before purchasing

• If the seller provides a warranty

• If the goods are defective

• If the contract is in writing

Under Section 11 of the Sale of Goods Act, when is the time of payment considered essential?

• Always, regardless of the contract terms

• Only if explicitly stated in the contract

• In verbal agreements

• When both parties have previously agreed on it

Which of the following statements about warranties is true?

• A warranty is essential to the main purpose of the contract.

• A breach of warranty allows for claims for damages only.

• A breach of warranty entitles the innocent party to repudiate the contract.

• A warranty can be a condition if stated so in the contract.

Which of the following terms describe existing goods under Section 6 of the Sale of Goods Act 1957?

• Goods already owned by the seller

• Goods that are not yet manufactured

• Goods specified at the time a contract is made

• Goods identified and agreed upon after a contract is made