Question No. 1

Which of the following best describes the implied condition relating to 'description' under the Sale of Goods Act of 1979?

AThe buyer must provide the seller with a full and accurate description of the goods required

BWhere there is a sale by description, e.g. using a catalogue, the goods must correspond with that description

CThe seller must provide a full and accurate description of the goods in any catalogue or brochure used

DThe description of the goods in the supplier's acknowledgement must correspond with that in the original purchase order.

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Correct Answer: A

Question No. 2

Which of the following best describes damages as awarded by a court of law?

AA sum of money awarded to the injured party that gives them extra profit to compensate for the time lost during the dispute

BAn order by the court that the defendant should pay back to the injured party any money that they might already have paid

CAn order by the court that the defendant must complete the contract free of charge

DA sum of money awarded by the court to compensate the injured party by putting them in the financial position they were in before any dispute arose.

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Correct Answer: A

Question No. 3

Which of the following best describes a warranty under English law?

AA vital term going to the root of a contract

BA guarantee of quality of goods supplied under a contract

CA draft from the buyers bank for payment of the contract price

DA subsidiary term of a contract, one that is not regarded as 'vital'.

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Correct Answer: C

Question No. 4

Which of the following best describes an 'innominate term' in a contract?

AA term that is either a warranty or a condition, to be decided by the court in the event of a dispute

BA vital term going to the root of a contract whose breach entitles the innocent party to terminate the contract and/or claim damages

CA term that is subsidiary to the main purpose of the contract whose breach entitles the innocent party only to claim damages

DA term that is extra to the usual terms of contract used by either the buyer or the seller for a specific purpose in the contract.

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Correct Answer: B

Question No. 5

Which of the following best describes the time at which payment should be made in accordance with the agreed payment terms?

AAfter the goods have been delivered to the buyer

BAfter the buyer has confirmed that the order is complete

CAfter the buyer has received the seller's advice note

DAfter the goods received note has been raised.

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Correct Answer: A

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