To Which of the Following Transactions Would the Sale of Goods

question 129

Multiple Choice

To which of the following transactions would the Sale of Goods Act apply?

• A) The oral lease of an apartment for less than two years
• B) A heart transplant operation
• C) The sale of an office building
• D) The sale of shares in a corporation
• E) The sale of a puppy to be given as a present by the buyer

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Definitions:

Crowding-in

An economic phenomenon where increased government spending leads to higher private sector investment.

Crowding-out

A situation where increased public sector spending reduces the amount of available funds for private sector investments.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of deficit spending, and yet to repay.

Social Security Tax Surplus

The excess of revenues collected for Social Security over the expenditures on the program.