Sale of goods act 1979 Study guides, Revision notes & Summaries

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

MCQ 1. Indicate the correct option. Which one of the following things can be regarded as a res nullius? (1) a domesticated tiger living in his owner‟s house (2) an impala roaming in the bushes (3) a Persian cat lying on the neighbor‟s patio (4) a springbok kept on a private game farm for hunting purposes ANSWER: Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are wild by nature either in their natural state or when they have...

Contract Law ( GDL BPP Notes) Exam Questions & Answers 2024/25 What is the difference between unilateral and a bilateral contract? - ANSWERSBilateral - parties assume obligation to each other. Unilateral - 1 party makes an offer for an act to be performed by other party/parties. Relevant statute to put in answer - ANSWERSSale of goods in a B2B context (governed by SGA 1979 and UCTA 1977) -SGSA 1982 For contract terms and exemptions questions - ANSWERSThere has to be a breakdown in re...

First Class Commercial Law Notes detailing the following: Legislation, Basic Concepts, the scope of the Sale of Goods Act 1979 (1) and (2) and the scope of the Consumer Rights Act 2015, Delivery and Payment, Meaning and Significance of Property and Risk, Non-Existent Goods at the Date of Contract, The Legislature, The Passing of Property, Nemo Dat Quod Non Habet and the Exceptions to that Principle, Terms implied by the SGA 1979 and the CRA 2015: the right to sell, sale of goods by description, ...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

Offer and Acceptance (OandA) REQUIREMENTS FOR A BINDING CONTRACT Offer and Acceptance + Intention to create legal relations (ICLR) + Consideration REQUIREMENTS FOR A VALID OFFER Certainty of offer • An offer must be clear and certain • Gibson v Manchester City Council (1979): There was no binding contract because there was never an offer made by the council. ‘May be prepared to sell” = not sufficiently clear and certain – merely first step in negotiations Intention to be bou...

Offer and Acceptance: MODULE 1 CONTRACT LAW: OFFER AND ACCEPTANCE lecture 1; Offer + Acceptance = Agreement Terminology; Offeror- person making the offer Offeree- person being made the offer Bilateral offer- both parties assum an obligation to each other Unilateral contract- one party makes an offer in terms which call for an act be performed by one or more other parties i.e. putting up a payment for return of lost pet Offer/ Acceptance + intention to create legal considerations + consi...

Customs Broker Exam 2023 Questions with Correct Answers Ch. 1 - The U.S. Customs Service The commercial importation of goods into American Samoa is governed by? - AnswerThe Government of American Samoa. 7.2 (b) What are the Customs Territories of the United States? - Answer-The States, District of Columbia, and the commonwealth of Puerto Rico. CFR 101.1 Where can you find Customs service ports and ports of entry? - Answer-CFR 101.3 When merchandise is imported into the U.S. Virgin Isla...

Allocation of Risk Buyer will want some REASSURANCES about the nature and state of the company/business that it is acquiring and the possibility of recompense if the acquisition does not turn out as expected. WARRANTIES AND INDEMNITIES will be included in the sale and purchase agreement so as to provide the buyer with the comfort of possible recompense ⟶ Share acquisition = Under English law, neither common law nor statute will protect the buyer through implied terms in the contract o C...