Under the Sale of Goods Acts,some Conditions Are Implied to Be

question 11

Multiple Choice

Under the Sale of Goods Acts,some conditions are implied to be part of a contract of sale.Which of the following statements is true concerning these conditions?

• A)The implied conditions are only available to commercial buyers who can prove that they intend to sell the goods to consumers.
• B)A breach of an implied condition is usually treated as a breach of a warranty.
• C)The implied conditions are only available to purchasers who satisfy the definition of 'consumer' under the Sale of Goods Act.
• D)All of the above.

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Definitions:

Product Z

A hypothetical product used in discussions or examples when no specific product is being referenced.

Consumer's Income

The total amount of income available to an individual or household for spending on goods and services.

Expected-Rate-of-Return Curve

A graphical representation showing the expected returns of an investment as a function of varying degrees of risk.

Interest-Rate Cost-of-Funds Curve

A graphical representation depicting the relationship between the cost of funding for lending institutions and different interest rates.