Examlex
The transfer of possession of personal property without a transfer of ownership is referred to legally as bailment.Which of the following is NOT considered a type of bailment?
Surplus
An amount of something left over when requirements have been met; an excess of production or supply.
Price Ceiling
A maximum legal price that can be charged for a good or service, aimed at preventing prices from becoming too high.
Equilibrium Price
The market price at which the quantity of a good demanded equals the quantity supplied, leading to no excess supply or shortage.
Abolished
Refers to formally putting an end to a system, practice, or institution.
Q6: Jack Machinery Limited is a clothing company.Jake
Q9: In contracts for the shipment of goods,an
Q21: Generally speaking,to successfully seek an equitable remedy
Q24: In what way does the Sale of
Q26: Contracts of insurance contain statutory terms that
Q33: Which of the following is NOT a
Q36: An award of damages<br>A)seldom comes out of
Q48: In the absence of an express provision
Q62: A real estate agent tells a purchaser
Q67: Acceptance under the Sale of Goods Act