MCS 3040 Chapter Notes - Chapter 23: Inequality Of Bargaining Power, Canadian Broadcast Standards Council, Caveat Emptor

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Sales and marketing: the contract, product, and promotion yuh. Marketing is regulated by three levels of gov: federal, provincial, and municipal. Objective of the laws: to protect consumers from physical harm to foster fair competition to protect consumers from unfair selling practices. Marketing law: all areas of law that influence and direct the creation, promotion, pricing, and distribution of goods, services, or ideas. Caveat emptor: let the buyer beware but this can be used unfairly at times. Specific goods: goods that are identified and agreed on at the time a contract of sale is made. Unascertained goods: goods not yet set aside and identifiable as the subject of the contract at the time the contract is formed. Rules within the contract as to who the goods belong to: Rule 1: if it is in deliverable state, the property in the oods passes to the buyer when the contract is made.

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