Which of the Following Is a Statement of Facts to Which

question 83

Multiple Choice

Which of the following is a statement of facts to which the Sale of Goods Act would apply?

• A) "Waiter, there is a dead fly in my spaghetti."
• B) "I ask for a trim! You've cut off five inches!!!"
• C) "I brought in five shirts to be laundered and you are returning only four to me!"
• D) "I agreed to give you a dozen old campaign buttons for that original signature of the Prime Minister, but received the signature of the Governor General."
• E) "Today is the closing date and I am willing to tender the full price in cash, namely $70,000, for the farm, and you are now telling me that you have no intention of closing."

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Definitions:

Per-unit Burden

The financial impact or cost of a tax, fee, or regulation expressed on a per unit basis.

Tax

Compulsory contributions made to government revenues, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Per-unit Burden

The tax cost to a buyer or a seller for each unit of a good or service, often used to analyze the effect of taxes on market equilibrium.

Tax

A financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.