MCS 3040 Chapter Notes - Chapter 5: Implied Warranty, Better Business Bureau, Consumer Protection

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Linda Chiasson

Document Summary

The sale of goods act applies to all contracts where goods are sold, whether they involve consumer or business transactions. Consumer protection legislation in its various forms is aimed at policing the marketplace, adjusting the balance between the bargaining position of the consumer and merchant, and establishing recourse for the worst abuses. The risks associated with sale of goods and secured transactions are not associated with government. The primary purpose is to act in place in all common-law provinces to supply missing terms that the parties didn"t think to include in their contract of sale. Remember the soga applies to all transactions where goods are sold, not just retail sales, there it has important implications for all levels of business. For the act to apply, goods must be transferred/sold. Only where the credit transaction involves a conditional sale will the sales of goods.