With Regard to a Contract for the Sale and Purchase

question 31

Multiple Choice

With regard to a contract for the sale and purchase of goods, which of the following is false?

• A) Title to the goods may pass to the buyer at the time of contract.
• B) Contracts for the sale of goods valued at more than $2 must be in writing in order to be enforceable.
• C) The Act provides a number of implied terms that may be added to the contract if the parties failed to mention those particular matters.
• D) To guard against loss, a buyer of costly goods should have his insurance in place by the time that title passes to him, because the person with title generally bears the loss.
• E) The buyer of used goods has the protection of the implied terms of the Sale of Goods Act, but the Act does not automatically void an exemption clause in a contract for the sale of used goods.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Process Costing

A costing method used where similar items are produced in a continuous manufacturing environment, assigning costs based on the process they go through.

Direct Materials

Direct Materials are raw materials that are directly traceable and allocable to a finished product in the manufacturing process.

Work in Process Inventory

Items currently undergoing production but have not yet reached completion.

Lower of Cost

A principle requiring that inventory be recorded at the lower of its historical cost or current market value.