A. Ask a lawyer: Buying and selling of goods (8 marks total) A technology compan
ID: 358528 • Letter: A
Question
A. Ask a lawyer: Buying and selling of goods (8 marks total)
A technology company is considering a change from merely providing a service and advice, to supplying equipment to its clients. This will involve the purchases from a supplier and sale of goods to customers.
Read the Ask a Lawyer textbox on page 251 of your textbook and answer the questions.
Questions
What specific considerations and what aspects of the Sale of Goods Act will be important to the company when entering into purchase agreements with the manufacturer? (4 marks)
A balance of rights creates market integrity and officiency CHAPTER 9 Sale of Goods and Consumer Protection Law ASK A LAWYER A technology company provided technical expertise to corporations for a number of years on a service-only basis. The company would normally examine a corporation's operations, then recom- mend the equipment that they should use. Once the equipment was purchased by the corporation, the technology company would install and maintain the equipment on a service contract basis. The technology company was recently approached by the manufacturer of the equipment that the company would normally recommend that their clients purchase and offered the oppor- tunity to purchase the manufacturer's line of products for resale on a very profitable basis The technology company has decided to consider the sale of equipment as well as their serv- ices but is unfamiliar with the buying and selling of goods. The company executives arranged to meet with their lawyer for advice on the laws pertaining to the purchase and sale of goods On the basis of the information in this chapter, what advice might their la wyer give them? LEARNING GOALS 1. To examine the contract of sale and the Sale of Goods Act. 2. To determine when title (and risk) passes to the buyer. d conditions and warranties in a contract of sale huner and seller.Explanation / Answer
The Sale of goods Act is the contract between the party or number of parties in which one party transfers or agree to transfer the goods to another for the price. The aspects of the Sale of Goods Act will be important to the company when entering into purchase agreements with the manufacturer and specific considerations are:
The special provisions to include in its Sale Contracts with its customers are as follows:
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.