Sale of Goods Act Flashcards
(6 cards)
1
Q
When is the sales of goods act?
A
1979
2
Q
What is the power ratio of the buyer and seller?
A
They are both of equal power
3
Q
If damaged, what can the buyer ask the seller to do?
A
To repair or replace the goods/ reduce the price.
4
Q
Is the act still in place today?
A
The act today is applied to contracts: the seller and buyer both have obligations to each other and the vendor is not liable for any faults in goods.
5
Q
What should the products that the seller is selling be?
A
Products of satisfactory quality and the goods should be suitable for their specific purpose.
The goods to be sold need to be identified, the seller also does not own the goods.
6
Q
How is the transfer of property from a seller to a buyer completed?
A
Through a money transaction
