A Statutory Term Requiring Goods to Be 'Fit for Their

question 21

Multiple Choice

A statutory term requiring goods to be 'fit for their purpose' means:

• A)the actual goods sold must correspond with the description of the goods given at or before the time of the contract in advertising, packaging or signage.
• B)the goods sold must be of a quality one would reasonable expect taking into account relevant circumstances, including the price paid for the goods.
• C)the goods must be appropriate for use in accordance with their intended purpose.
• D)the seller has the right to sell the goods to the buyer.

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Definitions:

Strategic Plans

Long-term organizational plans that outline goals, objectives, and actions designed to achieve a competitive advantage and meet stakeholders' expectations.

Financial Plans

Detailed documents that outline an individual's or organization's present financial situation, future goals, and strategies to achieve those goals, including budgeting, investments, and risk management.

Projections

Estimates or forecasts of future financial performance or trends, often based on current data and assumptions.

Debt

Debt represents money or goods that one party owes to another under the condition that it is to be repaid at a future date, often with interest.