Management and Organizational Studies 2275A/B Lecture Notes - Lecture 10: Canadian Tire, Best Buy, Bailment

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Not balance to put all risks on buyers. Sellers used it as an advantage, the risks on buyers increased. To promote trade in commerce, must maintain a balance b/t sellers and buyers. If not, the buyers will withdraw from the market, which hurts trade in commerce. Must provide certain level of protection for both parties to keep them in the marketplace. Now every province has their own sales of goods act. Sales are contract, so it"s contract law particularly for the sales of goods. Applies to every sales of goods, not to services, intangibles, real property, gifts, leases, or licenses. The person thinks it was a sale of goods. Because the sales of goods act applies, the restaurant breach the applied condition of the act, it owns the person money. Court thinks it"s a good and the act applies. Because even there having components of transaction of service, it"s a contract for both no matter for goods or service.