Which of the Following Is a Statement of Facts to Which

question 59

Multiple Choice

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

• A) "We hired you as a bartender, not to join the guests and teach them Texas line dancing!"
• B) "I paid you to tune the car, but it obviously wasn't done!"
• C) "Pursuant to the contract, the buyer of the house tendered $50,000 on the closing date, but the seller had changed his mind."
• D) "There's a small dead insect in my soup!"
• E) "The deal was this: Fred was to assign to Paul Fred's accounts receivable, and Paul would pay him $5000 cash, but Fred did not honour his promise."

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Definitions:

Electronic Deposit

The transfer of funds directly into a bank account, eliminating the need for physical checks.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank.

Principal

A primary party to a transaction, such as the chief participant in a business or the main amount of a loan.

Foreign Currency

Currency used in a country other than the one in which it is being considered, which usually requires exchange for use.