Which one of the following best describes the requirement of the Sale of Goods Act 1979 regarding sale by description?

AThe buyer has a duty to describe their requirements clearly on the request for quotation (RFQ) and/or purchase order

BThe seller has a duty to ensure that any paperwork accompanying the goods contains a clear description of them

CThere must be a clear stipulation on the purchase order if the buyer wishes the bulk of the goods to correspond to any description used

DThere is an implied condition that the goods supplied must correspond to any description used.

Answer : B

Which of the following best describes the concept of repudiation of a contract?

AThe court forcing the supplier to perform the remainder of the contract after a breach has occurred

BThe award of financial compensation to be paid, by the party judged to be in breach of the contract, to the other party

CThe buyer being free to find a different supplier to get the work completed in a satisfactory manner

DThe innocent party being able to behave as if the contract had never existed in the first place.

Answer : D

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'.

Answer : C

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.

Answer : A

In which of the following situations is a 'fixed price contract' most appropriate?

AIn highly volatile market conditions where raw material prices fluctuate at regular intervals

BWhere the supplier is unable to give an accurate estimate of materials to be used in completing the contract

CFor a contract where the work can accurately be foreseen and accurately measured

DFor the provision of a service where there are likely to be numerous changes to the service requirement.

Answer : A

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