Sale of Goods/ consumer protection

Question 1

Retention of title clause

Answer 1

If the buyer doesn’t pay in full, the seller can keep the possession of the good while the buyer bears the risk

Question 2

Sale of goods

- implied terms (5)

Answer 2

• The seller has the right to sell
• The good must correspond to its description
• The good is of satisfactory quality (meet min. standard)
• The good must be fit for its purpose
• If the good is referenced by a model, it must match it

Question 3

Consumer remedies (goods/services)

Answer 3

• Reject goods & money back (30 days)
• Right to repair/replace (6 months)
• If unsuccessful, price reduction/recejction

Question 4

Define Good

Answer 4

A personal property, not real property (land/building)

Question 5

Excluded as “good” (4)

Answer 5

1. Fixture
2. Money as currency
3. Shares/patents
4. Softwares

Question 6

Types of goods (2)

Answer 6

1. Specific & ascertained
   - -> identified and agreed upon
2. Unascertained
   - -> non-unique nor identified at the time of contract

Question 7

Goods and service contracts (4)

Answer 7

1. Sale of goods
2. Sale of services
3. Hire of goods
4. Consumer credit contracts