SOGA IBL 2-12

Goods under the Sales of Goods act includes land

• True
• False

A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price

• True
• False

Existing goods are goods already owned or possessed by the seller, and may be either specified or agreed upon at the time a contract of sale is made.

• True
• False

A contract of sale of goods may be made in writing and partly by word of mouth or may be implied from the conduct of the parties

• True
• False

A warranty is a stipulation essential to the main purpose of the contract. The breach warranty gives rise to a right to treat the contract as repudiated

• True
• False

When buyer does not pay the price of the goods the seller known as the unpaid seller

• True

• False

If the seller breached the contract the buyer has no right to reject the goods and claim damages

• True

• False

The contracting parties in sale of goods known as

• offeror and offeree

• agent and principle

• seller and buyer

Who is buyer?

• a person who buys or agrees to buy goods.

• a person who is still negotiating

• a person who offers to sell goods

• a person who is disagree to buy goods

With a contract of sale, when will the property in the goods be transferred from the seller to the buyer?

• As soon as the goods have been paid for

• As soon as the goods have been delivered

• As soon as the contract is made

• As soon as possible