If a Contract Is for the Sale of Specific Goods

question 41

Multiple Choice

If a contract is for the sale of specific goods:

• A)Ownership passes at the time the contract is formed, regardless of when payment or delivery takes place.
• B)The buyer does not become the owner until the goods are selected and agreed upon by both parties.
• C)Ownership passes at the time that payment for the goods takes place.
• D)Ownership passes at the time delivery of the goods is carried out.

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Right To Privacy

The right of individuals to keep their personal lives and information out of public view, or the right to be free from unwarranted intrusion.

Federal Trade Commission

A U.S. federal agency responsible for protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices.

Private Company

A business owned by private individuals or corporations with restrictions on the transfer of shares and not publicly traded.