Commercial Law revision

Pregunta 1 de 50

2

Sale of Goods only applies to movables, not including money

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 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'.

Selecciona una de las siguientes respuestas posibles:

Munro v Liquidator
Hughes v Pendragon
Esso Petroleum Ltd v Customs

Explicación

Pregunta 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

Arrastra y suelta para completar el texto.

fair and reasonable

Just and fair

proportunate

in good faith

Explicación

Pregunta 4 de 50

2

Rellena el espacio en blanco para completar el texto.

Time limits are usually reserved for

Explicación

Pregunta 5 de 50

2

Rellena el espacio en blanco para completar el texto.

Title is

Explicación

Pregunta 6 de 50

2

PST Energy v OW Banker

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 7 de 50

2

Selecciona la opción correcta del menú desplegable para completar el 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 )

Explicación

Pregunta 8 de 50

2

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 9 de 50

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 10 de 50

2

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 11 de 50

2

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 12 de 50

2

RULE ONE CASES- Property will pass when contract is made

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 13 de 50

2

Rellena los espacios en blanco para completar el 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

Explicación

Pregunta 14 de 50

2

Haz click en el punto naranja y selecciona la respuesta correcta

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

Explicación

Pregunta 15 de 50

2

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 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?

Selecciona una o más de las siguientes respuestas posibles:

RULE 1
RULE 2
RULE 3
RULE 4
RULE 5

Explicación

Pregunta 17 de 50

2

How many cases apply to S18 Rule 3?

Selecciona una de las siguientes respuestas posibles:

1
2
3
4
5

Explicación

Pregunta 18 de 50

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 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.

Arrastra y suelta para completar el 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

Explicación

Pregunta 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.

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 21 de 50

2

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 22 de 50

2

Rellena los espacios en blanco para completar el 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

Explicación

Pregunta 23 de 50

2

Selecciona la opción correcta de los menús desplegables para completar el 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.

Explicación

Pregunta 24 de 50

2

Rellena el espacio en blanco para completar el texto.

Arbitration is an alternative to

Explicación

Pregunta 25 de 50

2

Benefits to arbitration

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 26 de 50

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 28 de 50

2

Rellena el espacio en blanco para completar el texto.

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

Explicación

Pregunta 29 de 50

2

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 30 de 50

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 31 de 50

2

The decision to remove an arbitrator is made by ❌

Arrastra y suelta para completar el texto.

arbitrators

the party members

the court

Explicación

Pregunta 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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 33 de 50

2

Rellena los espacios en blanco para completar el 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

Explicación

Pregunta 34 de 50

2

The arbitrators may award anything they want in arbitration

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 35 de 50

2

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 36 de 50

2

Sequestration may go on for

Selecciona una de las siguientes respuestas posibles:

3 years
2 years
4 years
16 months

Explicación

Pregunta 37 de 50

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 38 de 50

2

Things that will vest in the trustee during sequestration

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 39 de 50

2

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 41 de 50

2

Rellena los espacios en blanco para completar el texto.

A cautionary obligation is considered both and

Explicación

Pregunta 42 de 50

2

Cautionary obligation- Yeoman states

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 43 de 50

2

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

Arrastra y suelta para completar el texto.

letter of comfort

third party pledge

Explicación

Pregunta 44 de 50

2

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 45 de 50

2

Rellena los espacios en blanco para completar el 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 .

Explicación

Pregunta 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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 47 de 50

2

Rellena los espacios en blanco para completar el 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.

Explicación

Pregunta 48 de 50

2

Cautioners have the right to

Selecciona una o más de las siguientes respuestas posibles:

Relief
Damages
Recession
Assignation
Ranking in bankruptcy

Explicación

Pregunta 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.

Arrastra y suelta para completar el texto.

released

added

taken

reduced

bankrupt

a family member

clear to the cautioner

Crawford

Aitken

Explicación

Pregunta 50 de 50

2

Insurable interest is the purchase of risk

Selecciona uno de los siguientes:

VERDADERO
FALSO

	Creado por Fadzaai Chtiga hace más de 7 años

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

Commercial Law revision

Pregunta 1 de 50

Sale of Goods only applies to movables, not including money

Selecciona uno de los siguientes:

Explicación

Pregunta 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'.

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 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

Arrastra y suelta para completar el texto.

Explicación

Pregunta 4 de 50

Rellena el espacio en blanco para completar el texto.

Time limits are usually reserved for

Explicación

Pregunta 5 de 50

Rellena el espacio en blanco para completar el texto.

Title is

Explicación

Pregunta 6 de 50

PST Energy v OW Banker

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 7 de 50

Selecciona la opción correcta del menú desplegable para completar el 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 )

Explicación

Pregunta 8 de 50

Selecciona la opción correcta del menú desplegable para completar el 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

Explicación

Pregunta 9 de 50

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

Selecciona uno de los siguientes:

Explicación

Pregunta 10 de 50

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 11 de 50

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 12 de 50

RULE ONE CASES- Property will pass when contract is made

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 13 de 50

Rellena los espacios en blanco para completar el 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

Explicación

Pregunta 14 de 50

Haz click en el punto naranja y selecciona la respuesta correcta

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

Explicación

Pregunta 15 de 50

Rellena los espacios en blanco para completar el texto.

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

Explicación

Pregunta 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?

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 17 de 50

How many cases apply to S18 Rule 3?

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 18 de 50

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

Selecciona uno de los siguientes:

Explicación

Pregunta 19 de 50

Arrastra y suelta para completar el texto.

Explicación

Pregunta 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.

Selecciona uno de los siguientes:

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 )