The Key Meaning of the Nemo Dat Rule in Relation

question 6

Multiple Choice

The key meaning of the nemo dat rule in relation to the Sale of Goods Act is that:

• A)sellers of goods cannot pass on a better title than the one they hold at the time of the sale.
• B)'you cannot pay what you do not have'.
• C)sellers in possession of goods have the strongest legal right to them.
• D)all of the above.

---

Definitions:

Classical Economist

An economist who believes in economic theories that emphasize free markets, minimal government intervention, and the importance of self-regulating business cycles.

Inadequate Aggregate Demand

A situation where the total demand for goods and services in an economy is not sufficient to produce full employment.

Recession

A decline in real GDP for two consecutive quarters.

Lowering Tax Rates

The act of reducing the percentage at which income or corporate profits are taxed, which can affect economic behaviors and government revenues.