BUSI 393 Lecture Notes - Lecture 6: Implied Warranty, Used Car, Rescission
Document Summary
Sale where seller transfers title in goods to buyer for money consideration. Sale of acts only apply to sale of goods ; does not apply to sale of services . 2 types of property: real property = land + whatever is attached to land or growing on it. **sale of goods act does not apply for real property: personal property = everything that is not real property. Intangible (choses in action; things in actions" => right to sue) Sale of sga does not apply to services, gifts and barter. C: major/essential term of the contract over (extinguished) Breach of warranty does not discharge the contract both parties must still perform: rescission cannot be an option, because the contract is still in effect, injured party can sue for money. Entitlement is critical in applying sale of good acs. B steals a"s car and sells to c. C pays to b for the car.
