MCS 3040 Lecture Notes - Lecture 23: Caveat Emptor, Syllogism, Personal Property

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Joe Radocchia

Document Summary

Sale of goods personal property in its tangible, portable form, as well as items attached to land that can be severed. Goods personal property, and items attached to land that can be severed. Sale of goods provision of services: protects buyers by implying terms into contract for the sale of goods, gives buyers remedies depending on the type of terms breached. Conditions important or essential to the purpose of the contract. Warranties minor term that is not classified as a condition under sale of goods legislation. May give the innocent party the right not only to sue for damages but also to reject the goods and treat the contract as ended. Remedy for breach of warranty: legislation permits the buyer to maintain an action for damages or ask the court to reduce the purchase price but the buyer must continue with the contract. Cost, insurance, and freight; makes seller responsible for insurance and shipping: f. o. b.