If You Buy a Toaster from a Second-Hand Dealer of Small

question 97

Multiple Choice

If you buy a toaster from a second-hand dealer of small appliances,which of the following is true?

• A)The Sale of Goods Act prohibits the seller from exempting himself from liability in the event that the toaster is not fit for purpose.
• B)The risk of loss depends on who has possession of the toaster.
• C)The Sale of Goods Act does not apply.
• D)Title to the toaster would pass at the time the buyer picked it up the next day.
• E)There is an implied term of the contract that the seller has good title (i.e.,the right to sell it).

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Definitions:

Job-Hunting Expenses

Costs incurred while seeking employment in your current occupation, which can include travel expenses, resume preparation, and employment agency fees, may be deductible under certain conditions.

Gambling Losses

Financial losses resulting from wagering transactions that can sometimes be deducted to offset gambling winnings for tax purposes.

Adjusted Gross Income

Adjusted Gross Income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable after adjustments.

Unreimbursed Employee

Employees who have incurred work-related expenses that were not compensated by their employer.