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:

Ethical Relativism

The belief that morality is relative to the norms of one's culture, meaning that what is considered moral in one society may be considered immoral in another.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Natural Law

The philosophy proposing that certain rights or values are inherent by virtue of human nature and universally cognizable through human reason.

Market Value Ethics

Ethical considerations and guidelines regarding how goods and services are valued and exchanged in the market, emphasizing fairness, transparency, and honesty in business practices.