Here Comes Your Neighbour Max,who Wants to Ask You More

question 107

Multiple Choice

Here comes your neighbour Max,who wants to ask you more questions about buying an Apple computer for use at home under a conditional sales contract.Which one of the following statements told to him at work is true?

• A) If Max has paid two-thirds of the amount owing under the conditional sale contract, the conditional seller could never seize the computer, even if Max were in default.
• B) If Max is in default and the conditional seller seizes the computer, the relevant statute provides that it can be sold immediately with no further notice to Max.
• C) Max's rights would be much greater and his obligations fewer if he bought it under a chattel mortgage rather than a conditional sales contract.
• D) If Max were in default, the conditional seller could sell the computer and keep all the proceeds of that sale, even if they were greater than the debt and costs.
• E) In a conditional sales contract, the result of satisfying the condition is that the lien or charge will be removed from the goods used as security.

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Definitions:

Public Survey

A research tool used to collect data from a specific population, typically consisting of standardized questions to gather opinions or behaviors.

No Risk Assessment

The absence of evaluation or analysis of the potential negative impacts or dangers associated with an activity or decision.

Fully Informed Consent

The process of providing all necessary information about a research study to potential participants so that they can make an informed decision about their participation.

Anonymous Surveys

Surveys conducted in a manner where the respondents' identities remain unknown to ensure privacy and encourage honest answers.