Here Comes Your Neighbour Max Who Wants to Ask You

question 129

Multiple Choice

Here comes your neighbour Max who wants to ask you more questions about buying an Apple computer for use at home under a conditional sales contract. Which one of the following statements told to him at work is true?

• A) If Max were in default, the conditional seller could sell the computer and keep all the proceeds of that sale, even if they were greater than the debt and costs.
• B) If Max has paid two-thirds of the amount owing under the conditional sale contract, the conditional seller could never seize the computer, even if Max were in default.
• C) In a conditional sales contract, the result of satisfying the condition is that the lien or charge will be removed from the goods used as security.
• D) If Max is in default and the conditional seller seizes the computer, the relevant statute provides that it can be sold immediately with no further notice to Max.
• E) Max's rights would be much greater and his obligations fewer if he bought it under a chattel mortgage rather than a conditional sales contract.

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Definitions:

Past Behaviours

Previous actions or patterns of actions taken by an individual, often used to predict future behaviors.

Free Will

The ability of agents to make choices unconstrained by certain factors, often discussed in the context of philosophy, psychology, and religion.

Edward Titchener

A psychologist known for founding structuralism, a theory focused on analyzing the basic components of the mind using introspection.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and empathy in therapy.