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When a Contract of Purchase Is Entered into with Regard

question 24

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When a contract of purchase is entered into with regard to specific goods that are to be delivered some time in the future, title always transfers at the point of delivery.

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Definitions:

Labour Hour

A measure of the amount of work performed by a worker in one hour.

Services

Activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

Goods

Tangible items that are produced, bought, or sold.

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