Alf Bought a Car from Mr

question 5

Multiple Choice

Alf bought a car from Mr.Wojchu for $10 000.Shortly afterward,a bailiff,acting for an unpaid conditional seller,seized the car.The conditional seller had properly registered his claim in time.Alf wants to sue Mr.Wojchu.Which of the following correctly sets out his legal position?

• A)Alf wins.Mr.Wojchu has failed to deliver good title.
• B)Wojchu loses.Risk follows title.
• C)Alf wins.Goods are not of merchantable quality.
• D)Alf loses.Caveat emptor applies.
• E)Alf loses.It was his obligation to search the title and he failed to do so.

Understand the relationship between organizational performance and executive compensation.

Identify the various methods and purposes of job evaluation and compensation strategies.

Recognize the concept of external and internal equity in compensation.

Comprehend the role and structure of nonmandated and mandated benefits in employee compensation.

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Definitions:

Risk of Loss

A legal term referring to the responsibility for the loss or damage of goods, often determined by contracts or law indicating who bears the risk at different times during a transaction.

Bailee

A person or entity who has temporary custody or possession of another's property under a bailment agreement.

Negotiable Document of Title

A negotiable document of title represents control or ownership of goods that are in transit or storage and can be transferred by endorsement or delivery to effect the transfer of goods it covers.

Direct Institutional Discrimination

Occurs when an institution employs policies or practices that are discriminatory against a person or group.