Commercial Law revision

Frage 1 von 50

2

Sale of Goods only applies to movables, not including money

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 2 von 50

2

Where does this judgement come from?- Where trees became movables once they were chopped down. Court said if at a certain point the property becomes movable, it is that point in which it becomes a 'good'.

Wähle eine der folgenden:

Munro v Liquidator
Hughes v Pendragon
Esso Petroleum Ltd v Customs

Erklärung

Frage 3 von 50

2

Glynwed Distribution Ltd v S Koronaka & Co clarified that a reasonable price for the goods is what would be ❌ for the buyer to pay

Klicke und ziehe, um den Text zu vervollständigen.

fair and reasonable

Just and fair

proportunate

in good faith

Erklärung

Frage 4 von 50

2

Fülle die Lücke, um den Text zu vervollständigen

Time limits are usually reserved for

Erklärung

Frage 5 von 50

2

Fülle die Lücke, um den Text zu vervollständigen

Title is

Erklärung

Frage 6 von 50

2

PST Energy v OW Banker

Wähle eine oder mehr der folgenden:

If transfer is not at the heart of the contract, you are not dealing with sale of goods
It is impossible to transfer goods once they no longer exist
Where there is no ownership you cannot transfer ownership

Erklärung

Frage 7 von 50

2

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Where there is no ownership you cannot transfer ownership - ( Wilson Imports v Advance Sport, Woodburn v Andrew, PST Energy v OW Banker, Dennant v Skinner, Varley v Whipp )

Erklärung

Frage 8 von 50

2

Wähle von der Aufklappliste, um den Text zu vervollständigen.

RV Ward v Bignall- ( 'unconditional contract', 'specific goods', deliverable state' ) means a scenario where there are no conditions whatsoever

Erklärung

Frage 9 von 50

2

Varley v Whipp concerned the issue of the sale of a reaping machine

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 10 von 50

2

'Deliverable state' is where the goods are in a state in which the buyer would be willing to accept them

Wähle eine der folgenden:

True- Varley v Whipp
False- Varley v Whipp
True- Gowans v Bowe
False- Gowans v Bowe

Erklärung

Frage 11 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

Gowans v - dealing with the sale of . Once the goods had been put into a , property had passed.

Erklärung

Frage 12 von 50

2

RULE ONE CASES- Property will pass when contract is made

Wähle eine oder mehr der folgenden:

RV WARD V BIGNALL
VARLEY V WHIPP
GOWANS V BOWE
DENNANT V SKINNER
DEMBY HAMILTON CO LTD V BARDEN
RV WARD V BIGNALL
VARLEY V WHIPP
GOWANS V BOWE
PHILIP HEAD & SONS V SHOWFRONTS
WAIT & JAMES V MIDLAND BANK
RV WARD V BIGNALL
VARLEY V WHIPP
GOWANS V BOWE
PHILIP HEAD & SONS V SHOWFRONTS
RV WARD V BIGNALL
VARLEY V WHIPP
GOWANS V BOWE
DEMBY HAMILTON CO LTD V BARDEN
PHILIP HEAD & SONS V SHOWFRONTS
WAIT & JAMES V MIDLAND BANK

Erklärung

Frage 13 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

Philip Head & Sons v Showfronts- concerned sale of . The contract involved fitting and delivery. Court said it would only be in a once as very heavy and contingent on it for passing of possession

Erklärung

Frage 14 von 50

2

Klicke auf den orangenen Punkt und wähle die korrekte Antwort.

Wait & James v Midland Bank: seller wanted 500 tonnes of what which was transported with 100 tonnes- became bankrupt before separated out- court said no passing as goods had not been separated out therefore unascertained

Erklärung

Frage 15 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

S18 RULE 2- Where contract is , ownership will pass once the goods are in

Erklärung

Frage 16 von 50

2

Lord Eldon v Hedley Bros- Property passed once goods had been weighed and the price had been ascertained. Which rule does this case apply to?

Wähle eine oder mehr der folgenden:

RULE 1
RULE 2
RULE 3
RULE 4
RULE 5

Erklärung

Frage 17 von 50

2

How many cases apply to S18 Rule 3?

Wähle eine der folgenden:

1
2
3
4
5

Erklärung

Frage 18 von 50

2

Woodburn v Andrew Motherwell- where there is a condition on the buyer, rule 3 will apply

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 19 von 50

2

Nanka Bruce v ❌ Trust Ltd- Contract for the sale of ❌ where buyer would resell the goods and at that point there was the requirement for the price to be ❌ in order to asses the amount payable by the ❌ to the seller. There court said for rule 3 to apply only the ❌ must be worried about ❌ the goods in the context of the ❌ buyer.

Klicke und ziehe, um den Text zu vervollständigen.

Commonwealth

coco

ascertained

buyer

original seller

ascertaining

original

secondary

secondary seller

origional buyer

unascertaining

delivering

wheat

coal

seller

Jason

Demby Hamilton

Barden

Midland Bank

unascertained

specific

Erklärung

Frage 20 von 50

2

Michelin Tyre Co Ltd v MacFarlane (Glasgow) Ltd states that the difference between the two types under s18 r4 will only matter where there is contractual stipulation saying the contract will not pass until a certain point.

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 21 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

Appropriation by exhaustion= when goods are taken, what is in the bulk will under the contract- s18 Rule 5 part

Erklärung

Frage 22 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

S18 RULE 5 PART 2- The case of Healy v & Sons concerned the sale of amongst a shipment of . Before they could be the train was delayed and as a result they perished. Court deliberated and decided that just separating the goods was to be ascertained sufficiently

Erklärung

Frage 23 von 50

2

Wähle von der Dropdown-Liste, um den Text zu vervollständigen.

S18 RULE 5 PART 1- ( Carlos, Jameson, Anderson, Rivierra ) Federspiel & Co SA v Charles Twigg Co- Concerned sale of ( bicycles, trucks, clocks ) where buyer was to pay in advance. Seller went bankrupt thus question of who the goods belonged to. The court stated that a seller who ( intends to pass, intends to pay, intends to ascertain, intends to transfer ) property will have a ( final and decisive, earmarking, permanent, clear ) act in which there is nothing more to do.

Erklärung

Frage 24 von 50

2

Fülle die Lücke, um den Text zu vervollständigen

Arbitration is an alternative to

Erklärung

Frage 25 von 50

2

Benefits to arbitration

Wähle eine oder mehr der folgenden:

More private
Less stress and pressure
Cheaper
Always straightforward
Court is never required
Creative solutions
Prior decisions may be relied on
Quicker

Erklärung

Frage 26 von 50

2

Earl of Kinfore- criminal cases may in some instances be taken to arbitration

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 27 von 50

2

Hackston: In terms of partnership issues, so long as legal personality is not the issue concerned, you can go into arbitration

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 28 von 50

2

Fülle die Lücke, um den Text zu vervollständigen

and Reid: Both parties must agree that the best course of action is to go into arbitration

Erklärung

Frage 29 von 50

2

Where you have a very specific clause agreeing to arbitration in the contract, you have no choice but to go

Wähle eine der folgenden:

Sanderson v Armour
Goodwins, Jordine & Co v Brand
Hackston v Hackston

Erklärung

Frage 30 von 50

2

Mylcrist Builders ltd v Buck: you cannot be awarded without the presence of both parties during arbitration

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 31 von 50

2

The decision to remove an arbitrator is made by ❌

Klicke und ziehe, um den Text zu vervollständigen.

arbitrators

the party members

the court

Erklärung

Frage 32 von 50

2

Grey Construction case stipulates that there will always be an exception to the rule of confidentiality where there will be substantial injustice in a decision if upheld

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 33 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

Grey construction case indicates that there an exception to the rule of confidentiality. It operate to the extent that the court can ensure a outcome- where otherwise there would be a substantial

Erklärung

Frage 34 von 50

2

The arbitrators may award anything they want in arbitration

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 35 von 50

2

Wähle von der Aufklappliste, um den Text zu vervollständigen.

In sequestration the trustee must report on their duties at the end of every ( relevant accounting period, month, year, relevant accounting year )

Erklärung

Frage 36 von 50

2

Sequestration may go on for

Wähle eine der folgenden:

3 years
2 years
4 years
16 months

Erklärung

Frage 37 von 50

2

Rankins Trustee clarifies that where a purchaser is made aware there is sequestration, they will be a good faith purchaser

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 38 von 50

2

Things that will vest in the trustee during sequestration

Wähle eine oder mehr der folgenden:

Damages to estate
Income
Pension
Contingent Interest (Inheritance)
Property held in trust
All of the above where excess amount
Jewellery

Erklärung

Frage 39 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

- In the process of sequestration, the trustee to sue on behalf of the debtor for the purposes of damages to the estate

Erklärung

Frage 40 von 50

2

A cautionary obligation is a guarantee that an obligation will be fulfilled i.e. a promise that a promise will be kept

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 41 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

A cautionary obligation is considered both and

Erklärung

Frage 42 von 50

2

Cautionary obligation- Yeoman states

Wähle eine der folgenden:

a letter of comfort must be written in clear terms saying you fundamentally agree
there must be leal capacity for the principal contract in order for the secondary to be binding

Erklärung

Frage 43 von 50

2

A ❌ in a cautionary obligation may be a written document falling short of a legal obligation

Klicke und ziehe, um den Text zu vervollständigen.

letter of comfort

third party pledge

Erklärung

Frage 44 von 50

2

Cautionary Obligations: Fortune - A general offer to the world may be binding

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 45 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

CAUTIONARY OBLIGATION- CREDITOR MISREPRESENTATION: Where creditor has made a misrepresentation the contract becomes . The case of makes clear that you cannot claim where you are aware of the facts as the third party. O'Donnell adds that you must ensure the facts given are both .

Erklärung

Frage 46 von 50

2

Silence is an option even where the circumstances are unusual in the instance of misrepresentation by a creditor as clarified in Smith

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 47 von 50

2

Fülle die Lücken, um den Text zu vervollständigen.

Cautionary obligations: There lies a good faith duty particularly with . In the case of Smith the wife claimed not to be liable due to . The court clarified that there is a duty between a husband and wife particularly where they have the same . notice is required to be given to the third party, where the nature of the obligation must be pointed out along with the advise to seek . Forsyth clarifies that where a third party is advised to seek separate legal advice but choses not to, there is on the debtor. Similarly according to , it is sufficient enough for the bank to rely on the of the solicitor who is advising both parties. Finally Cooper makes known that there must be a link between the failure to give and the reason in which they for there to be liability.

Erklärung

Frage 48 von 50

2

Cautioners have the right to

Wähle eine oder mehr der folgenden:

Relief
Damages
Recession
Assignation
Ranking in bankruptcy

Erklärung

Frage 49 von 50

2

A cautioners duty may be extinguished where, according to Aitken's Trs, the debtor is ❌ from the principal debt but the creditor is unaware. This does not apply where the debtor is ❌. ❌ makes clear that agreeing not to sue is not the same as being released altogether.

Klicke und ziehe, um den Text zu vervollständigen.

released

added

taken

reduced

bankrupt

a family member

clear to the cautioner

Crawford

Aitken

Erklärung

Frage 50 von 50

2

Insurable interest is the purchase of risk

Wähle eins der folgenden:

WAHR
FALSCH

	Erstellt von Fadzaai Chtiga vor etwa 7 Jahre

Quiz on Commercial Law revision, created by Fadzaai Chtiga on 21/04/2017.

Commercial Law revision

Frage 1 von 50

Sale of Goods only applies to movables, not including money

Wähle eins der folgenden:

Erklärung

Frage 2 von 50

Where does this judgement come from?- Where trees became movables once they were chopped down. Court said if at a certain point the property becomes movable, it is that point in which it becomes a 'good'.

Wähle eine der folgenden:

Erklärung

Frage 3 von 50

Glynwed Distribution Ltd v S Koronaka & Co clarified that a reasonable price for the goods is what would be ❌ for the buyer to pay

Klicke und ziehe, um den Text zu vervollständigen.

Erklärung

Frage 4 von 50

Fülle die Lücke, um den Text zu vervollständigen

Time limits are usually reserved for

Erklärung

Frage 5 von 50

Fülle die Lücke, um den Text zu vervollständigen

Title is

Erklärung

Frage 6 von 50

PST Energy v OW Banker

Wähle eine oder mehr der folgenden:

Erklärung

Frage 7 von 50

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Where there is no ownership you cannot transfer ownership - Wilson Imports v Advance Sport Woodburn v Andrew PST Energy v OW Banker Dennant v Skinner Varley v Whipp( Wilson Imports v Advance Sport, Woodburn v Andrew, PST Energy v OW Banker, Dennant v Skinner, Varley v Whipp )

Erklärung

Frage 8 von 50

Wähle von der Aufklappliste, um den Text zu vervollständigen.

RV Ward v Bignall- 'unconditional contract' 'specific goods' deliverable state'( 'unconditional contract', 'specific goods', deliverable state' ) means a scenario where there are no conditions whatsoever

Erklärung

Frage 9 von 50

Varley v Whipp concerned the issue of the sale of a reaping machine

Wähle eins der folgenden:

Erklärung

Frage 10 von 50

'Deliverable state' is where the goods are in a state in which the buyer would be willing to accept them

Wähle eine der folgenden:

Erklärung

Frage 11 von 50

Fülle die Lücken, um den Text zu vervollständigen.

Gowans v - dealing with the sale of . Once the goods had been put into a , property had passed.

Erklärung

Frage 12 von 50

RULE ONE CASES- Property will pass when contract is made

Wähle eine oder mehr der folgenden:

Erklärung

Frage 13 von 50

Fülle die Lücken, um den Text zu vervollständigen.

Philip Head & Sons v Showfronts- concerned sale of . The contract involved fitting and delivery. Court said it would only be in a once as very heavy and contingent on it for passing of possession

Erklärung

Frage 14 von 50

Klicke auf den orangenen Punkt und wähle die korrekte Antwort.

Wait & James v Midland Bank: seller wanted 500 tonnes of what which was transported with 100 tonnes- became bankrupt before separated out- court said no passing as goods had not been separated out therefore unascertained

Erklärung

Frage 15 von 50

Fülle die Lücken, um den Text zu vervollständigen.

S18 RULE 2- Where contract is , ownership will pass once the goods are in

Erklärung

Frage 16 von 50

Lord Eldon v Hedley Bros- Property passed once goods had been weighed and the price had been ascertained. Which rule does this case apply to?

Wähle eine oder mehr der folgenden:

Erklärung

Frage 17 von 50

How many cases apply to S18 Rule 3?

Wähle eine der folgenden:

Erklärung

Frage 18 von 50

Woodburn v Andrew Motherwell- where there is a condition on the buyer, rule 3 will apply

Wähle eins der folgenden:

Erklärung

Frage 19 von 50

Klicke und ziehe, um den Text zu vervollständigen.

Erklärung

Frage 20 von 50

Michelin Tyre Co Ltd v MacFarlane (Glasgow) Ltd states that the difference between the two types under s18 r4 will only matter where there is contractual stipulation saying the contract will not pass until a certain point.

Wähle eins der folgenden:

Where there is no ownership you cannot transfer ownership - ( Wilson Imports v Advance Sport, Woodburn v Andrew, PST Energy v OW Banker, Dennant v Skinner, Varley v Whipp )

RV Ward v Bignall- ( 'unconditional contract', 'specific goods', deliverable state' ) means a scenario where there are no conditions whatsoever

In sequestration the trustee must report on their duties at the end of every ( relevant accounting period, month, year, relevant accounting year )