ACTG 2P40 Chapter Notes -Implied Warranty, Down Payment
Document Summary
Chapter 14 sale of goods: application of the sale of goods act, meaning of goods": tangible items, not including land, money or chose in action. The sales of good act implies the following contractual terms; An implied condition that the seller has (or will have) a right to sell the goods. An implied warranty that the buyer will have and enjoy quiet possession of the goods. An implied warranty that the good will be free from any undisclosed charge or encumbrance. An implied condition that the goods will correspond with the description under which they are sold. An implied condition that the good will be reasonably fir for the purpose for which they are required if that purpose was made know to the seller. An implied condition that the goods will be of merchantable quality. In the case of a sale by sample, an implied condition that the bulk will correspond with the sample.
