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

question 88

Multiple Choice

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

• A) Legislation in most provinces will not allow 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 does not apply to the purchase of real estate or 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 the time of delivery.

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Definitions:

Risk-Free Rate

A revised definition for clarity: The theoretical return of an investment with zero risk, often represented by the yield on government treasury bonds.

Positive Slope

Represents a line or curve on a graph that depicts an increase in value as one moves from left to right, signifying a direct relationship between two variables.

Market Risk

The risk of losses in investments due to market-wide phenomena, such as economic downturns or changes in interest rates.