To Which One of the Following Contracts Would the Sale

question 52

Multiple Choice

To which one of the following contracts would the Sale of Goods Act apply?

• A) A contract with an artist to have a portrait painted
• B) A contract for the sale and purchase of a farm
• C) A contract in which the seller sells a computer, and ownership will transfer to the buyer at a specified future time
• D) A contract in which one party gives an antique pin in exchange for the other party giving an antique cigar box
• E) A contract for the assignment of a company's "accounts receivable"

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Definitions:

Calculating Figures Conservatively

Estimating numbers or financial data in a cautious manner, often underestimating to avoid overstatement or risk.

Budgets

Financial plans that outline expected income and expenses over a specified period, guiding spending and resource allocation decisions.

Proposal

A formal suggestion or plan put forward for consideration or discussion by others.

Methods Section

Part of academic or research papers detailing the procedures and techniques used during the research to ensure reproducibility.