Colin Had Been Having Trouble with Wild Animals

question 36

Multiple Choice

Colin had been having trouble with wild animals. He asked the salesman at Hardware Sales what kind of motion detection light would be best to install in his pump house. According to the Sale of Goods Act, Colin should expect a light that

• A) uses skill and labor for installation, therefore is not protected by the Act.
• B) is reasonably fit for the purpose.
• C) would not be restricted by the usual exemption clauses.
• D) will need careful installation for the product to be warranteed.
• E) meets his description.

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Definitions:

Asset

Anything of value owned by a person or company that can be used or sold to pay debts or generate income.

Debt

Money owed by one party to another under an agreement to repay borrowed funds or provided goods/services.

Profit

Profit represents the financial gains obtained when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Breach Contract

A failure to perform any term of a contract, written or oral, without a legitimate legal excuse, which allows the other party to seek compensation.