Chapter 10 Self-test Questions

. Which of the following statements is correct?

A contract of sale must involve the transfer or agreement to transfer the ownership of goods.

The contract of sale only applies where the seller sells in the course of a business.

A contract of sale must be evidenced in writing.

A contract of sale cannot involve any element of a service.

A contract of sale must involve the transfer in the ownership of goods.

. What does 'consideration' mean for the purpose of s 2(1) of the Sale of Goods Act 1979?

Something of economic value

Exactly the same as it does at common law

Money

Money or exchange

. What is the meaning of specific goods?

Goods that are identified and agreed upon at the time a contract of sale is made

Goods sold pursuant to a contract of sale to which the Sale of Goods Act 1979 applies

Existing goods

Future goods

. What is the meaning of unascertained goods?

There is no such thing

Goods that are identified and but not necessarily agreed upon at the time a contract of sale is made

Goods that are not specific

. Which of the following statements most accurately reflects the method of ascertaining the price of goods pursuant to a contract of sale?

Whatever has been agreed by the parties

The price may be fixed by the contract. Where the price is not determined in this way, the buyer must pay a reasonable price.

The price may be fixed by the contract or may be determined by the course of dealing between the parties. Where the price is not determined in this way the buyer must pay a reasonable price.

The price may be fixed by the contract or may be left to be fixed in a manner agreed by the contract or may be determined by the course of dealing between the parties. Where the price is not determined in this way the buyer must pay a reasonable price.

. Which of the following statements most accurately describes the circumstances where the Consumer Rights Act 2015 applies?

Where there is a contract with a consumer to supply goods, digital content or services.

Where there is a contract with a consumer to supply goods or digital content provided the seller sells in the course of a business.

Where there is a contract with a consumer to supply goods.

Where there is a contract between a trader and a consumer to supply goods, digital content or services.

. Which of the following correctly defines 'trader' for the purposes of the Consumer Rights Act 2015?

A person acting in the course of a business selling goods to a consumer.

A person acting for purposes relating to that person's trade, business, craft, or profession, whether acting personally or through another person acting in the trader's name or on the trader's behalf.

A person acting in the course of a business selling goods or services to a consumer.

A person acting in the course of a business selling goods, services or digital content to a consumer.

. Which of the following correctly defines 'consumer' for the purposes of the Consumer Rights Act 2015?

An individual purchasing goods or services from a trader.

An individual purchasing goods from a trader.

An individual purchasing goods, services or digital content from a trader.

An individual acting for purposes that are wholly or mainly outside that individual's trade, business, craft, or profession.

. Which of the following correctly defines 'goods' for the purposes of the Consumer Rights Act 2015?

Any items sold by a trader to a consumer.

Any items or services sold or supplied by a trader to a consumer.

Any tangible moveable items sold by a trader to a consumer.

Any tangible moveable items, but that includes water, gas, and electricity if and only if they are put up for supply in a limited volume or set quantity.

. Which of the following statements most accurately defines a 'hire-purchase agreement' for the purposes of the Consumer Rights Act 2015 applies?

If it meets the following two conditions. First, the goods are hired by the trader in return for periodical payments by the consumer and, second, ownership of the goods will transfer to the consumer if the terms of the contract are complied with and the consumer exercises an option to buy the goods, any party to the contract does an act specified in it, or an event specified in the contract occurs.

If it meets the following condition: the goods are hired by the trader in return for periodical payments by the consumer.

If it meets the following condition: ownership of the goods will transfer to the consumer if the terms of the contract are complied with and the consumer exercises an option to buy the goods.

If it meets the following two conditions. First, the goods are hired by the trader in return for periodical payments by the consumer and, second, the consumer has not fallen into arrears with the periodic payments or, if they have, they have remedied the situation when required to do so by the party supplying the goods.

Chapter 10 Self-test Questions

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