CLAW5001_egal Environment of Business_2009 Semester 1_Final exam preparation_topic 6.docVIP

Topic 6: Contracts and Legislation I - conditions and warranties in consumer transactions and manufacturers liability (a) Statutory Implied Terms What is and is not a sale - definition A contract of sale of goods is a contract whereby seller transfers or agrees to transfer property in goods to the buyer for a money consideration called the price: SGA s 6(1) 3 limitations Sale： -Applies only to contracts of sale: s 6(1) -Includes a promise to buy and sell where the transfer of ownership is postponed (for example until payment) -Includes an outright sale and purchase -Does not include a lease, h