To Which One of the Following Contracts Would the Sale

question 57

Multiple Choice

To which one of the following contracts would the Sale of Goods Act apply?

• A) A contract for a table where title to the table will not pass to the buyer until some future date
• B) A contract for the assignment of a company's accounts receivable
• C) A contract by which two computer programs were swapped for two others
• D) A contract with a dentist to have a tooth filled
• E) A contract for the purchase of a farm

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Definitions:

Revenue Enhancement

Strategies or activities undertaken by a company to increase its sales and revenue streams.

Synergistic Benefits

Advantages gained from combining resources or efforts, resulting in a greater outcome than would be the case if working separately.

Asset Write-ups

Asset write-ups refer to the increase in the book value of assets to reflect their current market values, usually following a revaluation of assets.

Synergistic Gains

Benefits or added value resulting from the combination or cooperation of two entities, exceeding what they could achieve individually.