Pepe Wants to Buy Something from Lorna

question 68

Multiple Choice

Pepe wants to buy something from Lorna.Pepe also wants to make sure that the contract is governed by the Sale of Goods Act.Which of the following statements is TRUE?

• A)Even if the parties' transaction would not normally fall within the scope of the Sale of Goods Act, the statute will apply if the parties intend for it to do so.
• B)Because the Sale of Goods Act defines a sale of goods as a transfer of goods in exchange for "money consideration," the statute will apply only if Pepe pays with cash
• C)The statute will apply if the parties create either a sale or an agreement to sell.
• D)Although the parties' contract may be valid, it cannot possibly be governed by the Sale of Goods Act unless it is evidenced in writing.
• E)The statute may apply if the parties' contract deals with manufactured goods (like cars and computers), but not if it deals with natural products (like milk and timber).

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Definitions:

Statistical Procedures

A set of methods used to collect, analyze, interpret, and present data in a meaningful way.

Research Methods

Systematic techniques used in scientific studies to collect, analyze, and interpret data.

Collecting Data

The process of gathering and measuring information on variables of interest in a systematic fashion.

Direct Observation

The method of gathering data by watching subjects in their natural environment without intervention or manipulation.