When a Petrol Station Sells Petrol, Which of the Following

question 46

Multiple Choice

When a petrol station sells petrol, which of the following would qualify as capital?
(i) the service attendants' time
(ii) the physical space on which the station exists
(iii) the petrol tanks and pumps

• A)(i) only
• B)(iii) only
• C)(i) and (iii)
• D)(ii) and (iii)

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Definitions:

Computer Sales

The business activity of selling computers, computer components, and software to consumers or other businesses.

Title Passes

The legal transfer of ownership of a property from the seller to the buyer.

Physically Delivered

Refers to contracts, particularly in commodities trading, where the actual physical commodity is delivered upon contract expiration.

Buyer in Ordinary

Refers to a purchaser of goods who buys from someone who usually sells such goods, thereby granting certain legal protections under commercial law.