Commercial Law Flashcards
• Types of commercial contract • Where legislation applies • Consumer rights • Duties of buyer and seller
Consumer rights (5)
Seller has legal responsibility to transfer ownership
Goods match description
Goods fit for purpose
Goods of satisfactory quality
Goods match model
B2B transfer
explain
Goods are delivered in time frame and intended circumstances
B2B by Non owner(saleperson)
Whats different to B2B
The seller can misrepresent that they are the owner of the goods
If something is advertised/labeled at
a specific price, the shop has to sell it
for that price?
False
What is the Implied satisfactory quality
The obvious shit
Fit for purpose ect
Defective/Dangerous goods
Liability can be limited by
Buyer being an expert
Explicit description of defect to buyer
Buyer failing to follow instructions
Remedies for buyer
Reject goods and refuse payment
Request specific performance
Damages
Remedies for seller
Right to resale
Right to stop delivery
Hold onto goods till payment
