In the Sale of Goods

question 41

Multiple Choice

In the sale of goods

• A)passing of title and passing of ownership are separate concepts.
• B)ownership and possession are separate concepts.
• C)the change in possession and a transfer of title are the same thing.
• D)the buyer has title when goods are paid for.
• E)the seller has title until delivery.

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Definitions:

Arbitration

A method of dispute resolution where an impartial third party makes a binding decision to resolve a disagreement between parties, often used in labor disputes.

National Mediation Board

A federal agency that facilitates and mediates labor-management relations within the United States' railroad and airline industries.

Railway Labor Act

A 1926 United States federal law that governs labor relations in the railway and airline industries, aiming to avoid service disruptions.

Third Party Dispute

A conflict involving an external party to assist or decide in the resolution process between two other parties, commonly found in mediation or arbitration scenarios.