Explain the Concept and Significance of Identification of Goods

question 20

Essay

Explain the concept and significance of identification of goods.Discuss how identification takes place.

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Definitions:

Sale of Goods Act

Legislation governing the sale of goods, providing rights and obligations for both buyers and sellers.

Goods and Services

Tangible products and intangible activities offered to consumers or businesses in the marketplace.

Caveat Emptor

“Let the buyer beware”; a principle that the purchaser must examine, judge, and test for herself.

Sale of Goods Act

A UK law enacted in 1979 which regulates the sale of goods that are bought and sold in the UK and the contractual rights and obligations of buyers and sellers.