Which of the Following Statements Is TRUE

question 38

Multiple Choice

Which of the following statements is TRUE?

• A)The passing of property is important for the purposes of insurance because risk usually passes with property.
• B)The Sale of Goods Act does not apply until property has passed from the seller to the buyer.
• C)Property in goods is always held by the person who has possession of the goods.
• D)Although the passing of property is important for some reasons, it does not affect the remedies that may be available to a seller.
• E)Property never passes under a sale of goods until the buyer has paid the price.

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Definitions:

World Trade

The exchange of goods, services, and capital between countries and territories across the globe.

Different Sizes

A term denoting a variety in the scale or dimension of objects, entities, or quantities.

Trade

The exchange of goods, services, or both, between two or more parties.

Corn

A large grain plant native to the Americas, grown for its edible kernels.