To Which One of the Following Would the Sale of Goods

question 56

Multiple Choice

To which one of the following would the Sale of Goods Act not apply?

• A) a meal in a restaurant
• B) a contract for the sale of a ranch
• C) a contract for future goods when title will pass in the future.
• D) a contract for the purchase of a car
• E) a contract for the sale of tangible personal property

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Definitions:

Defined Contribution Plans

Retirement plans where the amount contributed to the plan is defined, but the payout at retirement is based on investment performance.

Defined Benefit Plan

A type of pension plan where an employer guarantees a specific retirement benefit amount to employees based on salary history and years of service.

401(k) Plan

A retirement savings plan sponsored by an employer which allows employees to save and invest a portion of their paycheck before taxes are taken out.

Downside Risks

Potential negative outcomes or losses that may occur as a result of an investment or decision.