Management and Organizational Studies 2275A/B Lecture Notes - Lecture 12: Price Fixing, Predatory Pricing, Secured Creditor

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

Document Summary

Created a barrier to trade and commerce. Each province in canada has a sales of goods act. None of them have been modified: the one in the uk has been multiple times. It is not a vote getter, nobody cares. Evolved in common law, now in statute. (1) implies term into sales contract, (2) helps us determine when ownership goes from seller to buyer and (3) provides remedies. The sale of goods act applies to every sale of goods. Not to services, intangibles, real property, gifts, leases, or licenses: need to have sale a transfer of title or money; transfer of ownership, need to be a good. Conditions and warranties; contract law, sue for damages. Mr. g goes to the restaurant and orders some food and it was contaminated. Mr. g sues under the sales of good act. The restaurant says this is a service, not a good.