Asked by
Vansak Leang
on Nov 10, 2024
Verified
The transfer of the title and possession of the goods in exchange for money must be intended or anticipated for the Sale of Goods Act to apply.
Sale of Goods Act
Legislation governing the sale of goods, ensuring that goods sold meet certain quality and ownership criteria.
Title and Possession
Legal terms that refer to the ownership (title) of an asset and the control or occupation of it (possession).
Money
A medium of exchange, unit of account, and store of value that facilitates the transaction of goods and services.
- Understand the scope and restrictions of the Sale of Goods Act in diverse transactions.
- Examine the functions and constraints of the Sale of Goods Act in terms of negotiation and the transfer of ownership.
Verified Answer
SA
Learning Objectives
- Understand the scope and restrictions of the Sale of Goods Act in diverse transactions.
- Examine the functions and constraints of the Sale of Goods Act in terms of negotiation and the transfer of ownership.