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

---

Definitions:

Invested Capital

The total amount of money invested in a company by shareholders and debt holders, used for acquiring assets and funding operations.

Operating Expenses

The ongoing costs for running a business, excluding the cost of goods sold, such as rent, utilities, and salaries.

Sales Revenues

The gross revenue is the entire sum of money earned from selling goods or providing services prior to subtracting any expenses or costs.

Imputed Interest Rate

The calculated interest rate used in situations where no actual interest rate is specified or when understanding the opportunity cost of an investment.