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

question 17

Multiple Choice

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

• A) In a retail sale of new goods, the seller can always exclude liability for breach of all implied terms in the Sale of Goods Act by a carefully drawn exemption clause.
• 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 a choice of rights against the goods themselves and an action for breach of contract against the buyer.
• C) The Sale of Goods Act provides terms that will be taken to be part of a contract for goods even though the parties failed to mention anything about such matters.
• D) In commercial transactions, a buyer of goods has the protection of the "fit for purpose" provision, but legislation enables the seller to exempt himself from liability.
• E) The Sale of Goods Act permits commercial parties to exclude the Act if they mutually want to.

---

Definitions:

Government Transfers

Payments by the government to individuals or entities without the expectation of direct repayment or work in return, often taking the form of welfare, subsidies, or grants.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

Economic Analysis

A systematic approach to examining the allocation of resources, focusing on the production, distribution, and consumption of goods and services.

Rent-Seeking Activities

Efforts to increase one's own wealth without producing new wealth, often through manipulating the political environment to obtain economic gains such as subsidies or tariffs.