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

question 90

Multiple Choice

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

• A) The risk of loss depends on who has possession of the toaster.
• B) Title to the toaster would pass at the time the buyer would pick it up the next day.
• C) The Sale of Goods Act does not apply.
• D) The Sale of Goods Act prohibits the seller from exempting himself from liability in the event that the toaster is not fit for purpose.
• 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:

Weak Economy

An economic state characterized by slow growth, high unemployment, and low consumer confidence.

Profit Sharing

A financial incentive strategy where employees receive a share of the company’s profits, based on its earnings, as a form of motivation and reward.

Skill-based Pay

A compensation system where employees are paid based on the skills and knowledge they possess rather than their job title or position.

Motivation System

A framework within an organization designed to stimulate and encourage employees to achieve goals and improve performance.