CSEET · Business Laws and Management · Elements of Law relating to Sale of Goods
Match the following: (1) Goods delivered on approval; (2) Sale by a person who is not the owner; (3) Contract of sale made by offer and acceptance. With: (A) Buyer generally acquires no better title than the seller had; (B) Offer to buy or sell goods for a price and acceptance; (C) Property passes on approval, adoption or lapse of time.
The correct matching is 1-C, 2-A, 3-B. Goods on approval pass property on approval or lapse of time, a non-owner's sale generally gives no better title than the seller had, and a contract of sale arises from an offer and acceptance for a price.
- A1-C, 2-A, 3-BCorrect
- B1-A, 2-B, 3-C
- C1-B, 2-C, 3-A
- D1-C, 2-B, 3-A
Explanation
Goods on approval pass property on approval, adopting act, or lapse of time (Section 24). A non-owner's sale gives the buyer no better title than the seller had, subject to exceptions (Section 27). A contract of sale is made by offer and acceptance for a price (Section 5).
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