Commercial Law revision

Questão 1 de 50

2

Sale of Goods only applies to movables, not including money

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 2 de 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'.

Selecione uma das seguintes:

Munro v Liquidator
Hughes v Pendragon
Esso Petroleum Ltd v Customs

Explicação

Questão 3 de 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

Arraste e solte para completar o texto.

fair and reasonable

Just and fair

proportunate

in good faith

Explicação

Questão 4 de 50

2

Preencha o espaço em branco para completar o texto.

Time limits are usually reserved for

Explicação

Questão 5 de 50

2

Preencha o espaço em branco para completar o texto.

Title is

Explicação

Questão 6 de 50

2

PST Energy v OW Banker

Selecione uma ou mais das seguintes:

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

Explicação

Questão 7 de 50

2

Selecione da lista do Menu para completar o texto.

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 )

Explicação

Questão 8 de 50

2

Selecione da lista do Menu para completar o texto.

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

Explicação

Questão 9 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 10 de 50

2

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

Selecione uma das seguintes:

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

Explicação

Questão 11 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 12 de 50

2

RULE ONE CASES- Property will pass when contract is made

Selecione uma ou mais das seguintes:

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

Explicação

Questão 13 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 14 de 50

2

Clique no ponto laranja e selecione a resposta correta.

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

Explicação

Questão 15 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 16 de 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?

Selecione uma ou mais das seguintes:

RULE 1
RULE 2
RULE 3
RULE 4
RULE 5

Explicação

Questão 17 de 50

2

How many cases apply to S18 Rule 3?

Selecione uma das seguintes:

1
2
3
4
5

Explicação

Questão 18 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 19 de 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.

Arraste e solte para completar o texto.

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

Explicação

Questão 20 de 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.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 21 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 22 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 23 de 50

2

Selecione das listas do Menu para completar o texto.

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.

Explicação

Questão 24 de 50

2

Preencha o espaço em branco para completar o texto.

Arbitration is an alternative to

Explicação

Questão 25 de 50

2

Benefits to arbitration

Selecione uma ou mais das seguintes:

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

Explicação

Questão 26 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 27 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 28 de 50

2

Preencha o espaço em branco para completar o texto.

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

Explicação

Questão 29 de 50

2

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

Selecione uma das seguintes:

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

Explicação

Questão 30 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 31 de 50

2

The decision to remove an arbitrator is made by ❌

Arraste e solte para completar o texto.

arbitrators

the party members

the court

Explicação

Questão 32 de 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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 33 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 34 de 50

2

The arbitrators may award anything they want in arbitration

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 35 de 50

2

Selecione da lista do Menu para completar o texto.

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

Explicação

Questão 36 de 50

2

Sequestration may go on for

Selecione uma das seguintes:

3 years
2 years
4 years
16 months

Explicação

Questão 37 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 38 de 50

2

Things that will vest in the trustee during sequestration

Selecione uma ou mais das seguintes:

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

Explicação

Questão 39 de 50

2

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 40 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 41 de 50

2

Preencha os espaços em branco para completar o texto.

A cautionary obligation is considered both and

Explicação

Questão 42 de 50

2

Cautionary obligation- Yeoman states

Selecione uma das seguintes:

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

Explicação

Questão 43 de 50

2

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

Arraste e solte para completar o texto.

letter of comfort

third party pledge

Explicação

Questão 44 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 45 de 50

2

Preencha os espaços em branco para completar o texto.

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 .

Explicação

Questão 46 de 50

2

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

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 47 de 50

2

Preencha os espaços em branco para completar o texto.

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.

Explicação

Questão 48 de 50

2

Cautioners have the right to

Selecione uma ou mais das seguintes:

Relief
Damages
Recession
Assignation
Ranking in bankruptcy

Explicação

Questão 49 de 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.

Arraste e solte para completar o texto.

released

added

taken

reduced

bankrupt

a family member

clear to the cautioner

Crawford

Aitken

Explicação

Questão 50 de 50

2

Insurable interest is the purchase of risk

Selecione uma das opções:

VERDADEIRO
FALSO

	Criado por Fadzaai Chtiga aproximadamente 7 anos atrás

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

Commercial Law revision

Questão 1 de 50

Sale of Goods only applies to movables, not including money

Selecione uma das opções:

Explicação

Questão 2 de 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'.

Selecione uma das seguintes:

Explicação

Questão 3 de 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

Arraste e solte para completar o texto.

Explicação

Questão 4 de 50

Preencha o espaço em branco para completar o texto.

Time limits are usually reserved for

Explicação

Questão 5 de 50

Preencha o espaço em branco para completar o texto.

Title is

Explicação

Questão 6 de 50

PST Energy v OW Banker

Selecione uma ou mais das seguintes:

Explicação

Questão 7 de 50

Selecione da lista do Menu para completar o texto.

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 )

Explicação

Questão 8 de 50

Selecione da lista do Menu para completar o texto.

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

Explicação

Questão 9 de 50

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

Selecione uma das opções:

Explicação

Questão 10 de 50

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

Selecione uma das seguintes:

Explicação

Questão 11 de 50

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 12 de 50

RULE ONE CASES- Property will pass when contract is made

Selecione uma ou mais das seguintes:

Explicação

Questão 13 de 50

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 14 de 50

Clique no ponto laranja e selecione a resposta correta.

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

Explicação

Questão 15 de 50

Preencha os espaços em branco para completar o texto.

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

Explicação

Questão 16 de 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?

Selecione uma ou mais das seguintes:

Explicação

Questão 17 de 50

How many cases apply to S18 Rule 3?

Selecione uma das seguintes:

Explicação

Questão 18 de 50

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

Selecione uma das opções:

Explicação

Questão 19 de 50

Arraste e solte para completar o texto.

Explicação

Questão 20 de 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.

Selecione uma das opções:

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 )