General Business MGS350 Lecture Notes - Lecture 5: Hair Dryer, Implied Warranty, Punitive Damages

• School: Seneca College
• Department: General Business
• Course: General Business MGS350
• Professor: Linda

Document Summary

Chapter 5 - sale of goods a(cid:374)d co(cid:374)su(cid:373)er. Laws that try to protect people and business from unfair practices. Buyer beware ask lots of (cid:395)uestio(cid:374)s as selle(cid:396)s ofte(cid:374) do(cid:374)"t tell all fa(cid:272)ts. Ontario law sales of goods act applies to sales between people and cos. Goods are of an adequate/ low quality level. Example: hair dryer should last maybe 2 months: implied warranty goods sold are free of encumbrances, no loans, no mortgages, or liens. Note: a company in a contract with a consumer cannot put in a clause that will work that says (cid:862)the i(cid:373)plied te(cid:396)(cid:373)s of the ales of goods a(cid:272)t does(cid:374)"t apply(cid:863) Title passing: legal ownership passes from seller to buyer if goods need to be altered, repaired or separated out (cid:449)he(cid:374) this a(cid:272)tio(cid:374) is do(cid:374)e a(cid:374)d (cid:271)uye(cid:396) is told it"s do(cid:374)e. (cid:271)uye(cid:396)"s (cid:396)ights major breach > buyer can get out of contract (rescind it) and get money back or keep it going and sue for damages.