Which of the Following Is True with Regard to the Implied

question 23

Multiple Choice

Which of the following is true with regard to the implied terms of the Sale of Goods Act?

• A) The Act does not provide that the goods must be fit for purpose.
• B) If you ordered a lamp from a catalogue but it did not match the description when you got it, the seller is in breach of a warranty of the contract.
• C) When you buy a car and the contract speaks only of the car and the price, you are entitled to receive good title, to acquire quiet possession, and a car free from any encumbrances (i.e., a claim by a bank).
• D) The Act provides that the goods must be of merchantable quality, and that means that the goods must be without flaw.
• E) If a buyer places an order for silk after seeing a sample of it, the order delivered must be delivered within 10 days.

Recognize effective strategies for moral and social development.

Understand the development of gender roles and gender-typing in early childhood.

Identify prevention strategies and understand their role in child welfare.

Understand the characteristics and limitations of preoperational thought in early childhood development.

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Definitions:

Note Receivable

A financial asset representing a written promise to receive a specific amount of money on a certain date or on demand.

Payment of Account

The process of settling a liability or an amount owed to a creditor, vendor, or supplier by making a cash or electronic payment.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.

Days' Sales in Receivables

A financial metric that estimates the average number of days it takes a company to collect payments after a sale has been made.