With Respect to a Sale of Goods, Which One of the Following

question 127

Multiple Choice

With respect to a sale of goods, which one of the following statements is true?

• A) Legislation allows a seller to override the requirement that goods supplied be fit and of merchantable quality in consumer transactions.
• B) A seller who has been given a cheque that bounces (is dishonoured for insufficient funds) in payment for goods that he still possesses has rights against the goods themselves as well as an action for breach of contract against the buyer.
• C) The Sale of Goods Act also applies to the purchase of real estate and of bonds.
• D) If the parties do not agree otherwise, the risk of loss stays with the seller until delivery.
• E) If the parties do not agree otherwise, the time of payment is 30 days after the time of delivery.

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Definitions:

Stoicism

A classical Greek philosophical approach that emphasizes cultivating self-discipline and resilience to conquer harmful feelings.

Virtue Ethics

An ethical theory that emphasizes the role of character and virtue in moral philosophy rather than either doing one’s duty or acting to bring about good consequences.

Stoic Frame

An approach to life based on stoicism, emphasizing rationality, personal virtue, and resilience in the face of adversity or emotional turmoil.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more morally correct actions that are in conflict.