Chapter 23

Question 1

What are the objectives of marketing laws?

Answer 1

To protect consumers from physical harm, Foster fair competition, Protect consumers from unfair selling practice

Question 2

What are important aspects to Contract of Sale?

Answer 2

Terms of the contract relating to the sale, delivery of the product, transfer of ownership of the product, remedies for breach of contract

Question 3

What is the Sale of Goods Act?

Answer 3

Protects buyers and implies a set of terms into a transaction

Question 4

What are the conditions of the sales of goods legislation?

Answer 4

Seller has the right to sell, goods are reasonably fit for intended purpose, goods are of merchantable quality, goods correspond with description, contract can be terminated as a whole

Question 5

What are the warranties of the sales of goods legislation?

Answer 5

Buyer will have quiet possession of the goods, goods are free from liens and encumbrances in favour of 3rd parties were not declared at the time contract was made, can claim damages. Delivery and payment within a reasonable time