BUSINESS ADMINISTRATION
BUSINESS LAW
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Who only agrees to sell the goods
|
|
|
Who sells or agrees to sell
|
|
|
Who transfers the possession of the goods to the other party
|
|
|
None of the above
|
Detailed explanation-1: -(13) “seller” means a person who sells or agrees to sell goods; (14) “specific goods” means goods identified and agreed upon at the time a contract of sale is made; and.
Detailed explanation-2: -Seller-This is defined in section 2(13) and defined as a person who either sells or agrees to sell certain products. The seller appears as one of the parties in the contract of sale.
Detailed explanation-3: -"seller” means a person who sells or agrees to sell goods. “specific goods” means goods identified and agreed upon at the time a contract of sale is made.
Detailed explanation-4: -A seller is someone who sells or has agreed to sell goods. For a sales contract to come into existence, both the buyers and seller must be defined by the Act. These two terms represent the two parties of a sales contract.
Detailed explanation-5: –(1) The price in a contract of sale may be fixed by the contract or may be left to be fixed in manner thereby agreed or may be determined by the course of dealing between the parties. (2) Where the price is not determined in accordance with the foregoing provisions, the buyer shall pay the seller a reasonable price.