Sidu Sells His Expensive Watch to Sylvester in Return for Sylvester's

question 42

True/False

Sidu sells his expensive watch to Sylvester in return for Sylvester's almost new mountain bike. The watch stops working immediately and the jeweller tells Sylvester that it is not repairable. Under the Sale of Goods Act, Sylvester is entitled to the return of his bike provided he gives Sidu back the watch.

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Definitions:

Scientific Relationships

The interactions or associations between variables or phenomena as understood through scientific research and experimentation.

Creative Destruction

The replacement of old products and production methods by innovative new ones that consumers judge to be superior. The process generates economic growth and higher living standards.

New Products

Goods or services that have been recently developed or introduced to the market.

Production

The process of creating goods and services through the combination of labor, materials, and technology.