If a Contract Is for the Sale of Unascertained Goods

question 30

Multiple Choice

If a contract is for the sale of unascertained goods:

• A)ownership passes at the time the contract is formed, regardless of when payment or delivery takes place.
• B)the buyer does not become the owner until the goods are selected and agreed upon by both parties.
• C)ownership passes at the time that payment for the goods takes place.
• D)ownership passes at the time delivery of the goods is carried out.

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Definitions:

Specialty Occupations

Jobs or professions that require the application of specialized knowledge, often necessitating a higher degree of education or experience.

Population Growth

The increase in the number of individuals in a population, often measured by the percentage increase per year.

Immigration

The movement of individuals from one country to another with the intent to reside or work there, either temporarily or permanently.

Implicit Costs

The opportunity costs of using resources that are not directly paid for or billed, but represent potential income lost.