Chapter 5: The Sale of Goods and Consumer Protection Law
Exercises
True or False?
1.
Leases are governed by the Sale of Goods Act. (F)
2.
Fitness for intended purpose is an implied condition under the Sale of Goods Act.
(T)
3.
Specific performance is a remedy available in special circumstances only. (T)
4.
Unpaid sellers have no statutory remedies. (F)
5.
The Consumer Protection Act, 2002 requires that ambiguous contract terms be
construed in favour of the consumer. (T)
6.
The Consumer Protection Act, 2002 creates a ten-day cooling-off period for all
consumer transactions. (F)
7.
The Consumer Protection Act, 2002 requires that the final bill for service for which
an estimate was given is equal to or less than the estimate.
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Which of the following is true? a.
PIPEDA applies unless PEI's legislation is comparable
b.
PIPEDA applies if Joey's business is also federally regulated
c.
The legislation of PEI applies
d.
PIPEDA does not apply because Joey's business does not disclose personal
information in the course of commercial activity
Short Answer
1.
When does title to goods pass from seller to buyer?
Title passes when a contract states that it passes; if a contract is silent, it passes in accordance with the five rules under the Sale of Goods Act.
2.
If Mario trades his wristwatch for an umbrella at a flea market, can he rely on the
Sale of Goods Act to ensure that the umbrella will be of merchantable quality?
No, because the Sale of Goods Act is inapplicable to transactions based on barter. 3.
What is a cooling-off period, and how does it differ from the one-year statutory limitation period for repudiation of unfair consumer contracts?
Canadian Business Law, 2nd Edition, Instructor's Guide
© 2012 Emond Montgomery Publications
4
A ten-day cooling-off period is reserved only for particular kinds of transactions (for example, direct sales agreements) and allows repudiation of contracts that may or may not be unfair. The one-year limitation period allows for repudiation only of unfair consumer contracts where there is evidence of false or unconscionable representations.
4.
Explain what requirements an Internet seller must meet, at the time of a sales
25. In a science fiction movie, an officer is implementing an experimental process to prevent a catastrophic geologic event affecting a primitive indigenous alien population. A crew of a starship vessel is willing to save him; however, environmental conditions prevent simple extraction. The commander refuses to let the crew extract the officer, proclaiming “the needs of the many outweigh the needs of the few, or in this case, one.” The commander’s conclusion is based on which moral theory?
1. How and why did America turn toward domestic isolation and social conservatism in the 1920s?
True or False: A permanent magnet is a piece of material that has been magnetized and can hold its magnetic strength for a reasonable length of time. True.
9. Why is the $1,000 you receive today worth more than $1,000 you receive next year? What concept does this illustrate? Why is this concept particularly important when firms evaluate capital budgeting proposals?
Based on the above income statement data (assume interest income is zero), the company's interest coverage ratio is
1. Why does the Indian classical tradition dominate the musical image of South Asia in the west?
* New England was focused on family and religion mostly. They don’t live apart like the Southern Colonies and the South were also very competitive with agriculture.
1.“Rule number one: If someone disrespects you, you send a message so fierce that they won't have the chance to do it again.”
D2 Evaluate the effectiveness of the methods used by the public services to promote equality and diversity in society and within the service
16. What family of instruments were the most important? The string family was the most important instrumental family in a Baroque orchestra.
-3 x 1.66 pts. = minus 5 pts. = 45 pts. out of 50 pts. = 90%
Which of the following are correct, according to the AP Stylebook's guidelines related to parentheses?
P6- follows guidelines to interpret collected data for heart rate, breathing rate and temperature before and after a standard period of exercise
Study Questions: Answer the following questions (based on the reading), save it and then submit it to the professor.
The statement of cash flows presents investing and financing activities so that even noncash transactions of an investing and financing nature are disclosed in the financial statements. If they affect financial conditions significantly, the FASB requires that they be disclosed in either a separate schedule at the bottom of the statement of cash flows or in a separate note or supplementary schedule to the financial statements.