Which of the Following Contracts Would Be Covered by the Sale

question 100

Multiple Choice

Which of the following contracts would be covered by the Sale of Goods Act?

• A) A contract for the sale of a famous painting
• B) The trade of a car for a boat involving no money
• C) The sale of corporate shares
• D) A contract for medical services with a doctor
• E) The purchase of a house

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Definitions:

Utility Schedule

A table showing the level of satisfaction or utility that a consumer derives from different quantities of a good or service.

Marginal Utility

The increased happiness or advantage derived from the consumption of one extra piece of a good or service.

Total Utility

The full pleasure gained by using a particular volume of goods or services.

Marginal Utility

The increased enjoyment or advantage gained by a consumer from acquiring one more unit of a particular good or service.