A basic tenet of the law, which is expressly stated in the Code, is that a purchaser of goods obtains such title as his transferor had or had power to transfer
a. True
b. False
Indicate whether the statement is true or false
True
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Example of proof statements include past sales figures, independent research results and testimonials.
Answer the following statement true (T) or false (F)
In December of 2012, Jones Inc was formed as a corporation. The company plans to start its operations in early January of 2013. They have the following purchases budgeted for the first quarter of 2013: January $600,000 February 500,000 March 300,000 Jones has worked out agreements with its various suppliers to pay for one-fourth of a month's purchases each month, beginning in the month of
purchase, until the purchases are paid in full. No purchases were made prior to January. What are expected total cash disbursements for the first quarter of 2013? A) $425,000 B) $625,000 C) $775,000 D) $350,000
Brian Pinsent was a fisherman on the West Coast. As a sideline, he repaired and sold used small boat engines. (He only sold three or four a year)
His friend Jocko Stubbs purchased an engine from Brian, which Brian described as "ship shape", although he admitted it was 20 years old. Jocko wanted to use the engine to operate his tractor trailer, although he didn't tell Brian that. After the engine broke down, Brian would not take it back or repair it, so Jocko sued, relying on the B.C. sale of Goods Act. Which of the following statement is true? A) Jocko could not rely on s. 18(a) of the Act because Brian was not in the business of selling engines. B) Jocko could not rely on s. 18(b) of the Act because he did not tell Brian the intended use of the engine. C) There was a breach of the implied condition of merchantability. D) There was a breach of the implied condition of fitness for use. E) Both A and B
The Commission of the European Communities v. Italian Republic involved the importation of vegetable fats labeled as "chocolate substitutes."
Indicate whether the statement is true or false