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
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Business and Consumer Law Final Exam Notes Chapter 5: An Introduction to Contracts Contract Law: A deliberate and complete agreement between two or more competent persons in writing supported by mutual consideration‚ to perform an act. It is enforceable in court. Agreement: composed of an offer to enter into a contract and acceptance of the contract. Complete: the agreement must be certain. Deliberate: both parties must want to enter into a contractual relationship. Voluntary: The agreement must
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consumption. b) Explain the implied terms in the Sale of Goods Act 1979 Implied Terms of SOGA 1979 which are automatically incorporated into a contract by SOGA 1979. There are four breaches of Section 12‚ 13‚ 14 and 15 Section 12– Title It has two main points The first one is implied condition which means the seller has‚ or will have at the time when property in the goods is to be transferred‚ a right to sell the goods. The second one is implied warranty‚ it tell us the buyer shall have quiet
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AB1301 Business Law 2012/13 Semester 1 TABLE OF CONTENTS CHAPTER 3: OFFER AND ACCEPTANCE ........................................................................................... 1 3.1 Offer ........................................................................................................................................... 2 3.2 Acceptance ................................................................................................................................ 3 3.1 Electronic
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report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof‚ nor The University of Chicago‚ nor any of their employees or officers‚ makes any warranty‚ express or implied‚ or assumes any legal liability or responsibility for the accuracy‚ completeness‚ or usefulness of any information‚ apparatus‚ product‚ or process disclosed‚ or represents that its use would not infringe privately owned rights. Reference
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ASPECTS OF CONTRACT AND NEGLIGENCE OF BUSINESS Task: 1.1: Explain the importance of the essential elements required for the information of a valid contract? Offer A valid offer identifies the bargained-for exchange between the parties and creates a power of acceptance in the party to whom the offer is made. The communication by one party known as the offeror to the another party called the offeree b) Acceptance To constitute a contract‚ there must be an acceptance of the offer
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ssTalk RETAIL Price Optimization The Opportunity and How to Benefit 1 Price Optimization: The Opportunity and How to Benefit Executive Summary Over the past few years there has been renewed focus on the use of price as a merchandising lever. This is due to a number of factors including volatility in commodity prices and the strained consumer purse as a result of wider economic issues. In both Europe and North America‚ a number of grocers have focused their marketing on price and
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Statement of Interest Form-Buyer_________________________________________________ 1. The statement of Interest is to be signed by the authorized signatory of the interested organization. (The accepted signatory would be the sole proprietor in case of a sole proprietorship‚ the partner in case of a partnership firm‚ and the director in case of private & public limited companies.) 2. Following documents are required to be submitted along with the Statement of Interest a) Non Refundable bidder registration
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1. Definition of Clause According to Legal dictionary‚ clause is referring to a section‚ phrase‚ paragraph‚ or segment of a legal document‚ such as a contract‚ deed‚ will‚ or constitution‚ that relates to a particular point. A document is usually broken into several numbered components so that specific sections can be easily located. The Supremacy Clause‚ for example‚ is part of Article IV of the U.S. Constitution An exclusion clause is a term in a contract that seeks to restrict the rights of
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AB107 Business Law Written Assignment Advise whether the terms of the Licence Agreement apply and whether the Exclusion of Liability clause is valid and effective in protecting UcanB007 from liabilities. [pic] The foremost issue pertaining to this case is that of whether the terms of the License Agreement are part of the contract between Ah Siong and UcanB007‚ and hence the enforceability of the terms should Ah Siong decide to sue UcanB007 in contract for his losses. Due to the nature of this
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