Which of the Following Is a Statement of Facts to Which

question 65

Multiple Choice

Which of the following is a statement of facts to which the Sale of Goods Act would apply?

• A) "Excuse me, there is a mouse in this beer bottle."
• B) "I asked for a trim! You've cut off four inches!!!"
• C) "I brought in five shirts to be laundered and you are returning only four to me!"
• D) "I agreed to give you a dozen old campaign buttons for that original signature of the Prime Minister, but received the signature of the Governor General."
• E) "Today is the closing date and I am willing to tender the full price in cash, namely $50,000, for the house, and you are now telling me that you have no intention of closing."

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Definitions:

Allocated Equally

The process of distributing resources, costs, or assets in equal portions among recipients or activities.

Internal Price Wars

Competitive pricing tactics within an organization or amongst subsidiaries that aggressively lower prices, potentially harming the organization's overall profitability.

Decentralization

The delegation of decision-making authority from central management to lower levels in the organizational hierarchy, often to improve the responsiveness and flexibility of a company.

Advantage

A favorable position or condition that puts one in a better position compared to others, often used in the context of competitive scenarios.