Which of the Following Transactions Falls OUTSIDE the Scope of the Sale

question 40

Multiple Choice

Which of the following transactions falls OUTSIDE the scope of the Sale of Goods Act?

• A)the exchange of a painting for a cheque
• B)a trade of a boat for a car
• C)the exchange of a diamond ring for a series of monthly cash payments
• D)the exchange of a new truck for $10 000 cash and an old car
• E)a cash purchase of crops that will be harvested

---

Definitions:

Revenue Management

A strategic approach to selling a limited inventory of goods or services to maximize revenue, often used in airlines, hotels, and other sectors.

Expected Value

The weighted average of all possible values of a random variable, with the weights being the probabilities of occurrence.

Full-Fare Ticket

A type of airline or travel ticket that has no restrictions and is often refundable, representing the highest fare category.

Expected Value

The long-run average value of repetitions of the experiment it represents, essentially a mean of a random variable in probability and statistics.