MGM390H5 Chapter 8: BUSINESS LAW – CHAPTER 8.docx
Document Summary
Buying and selling goods: small retail businesses buy according to business laws with are more lax and sell according to rigid consumer protection laws, which leaves them vulnerable to liability, the following documents a seller"s liability in addition to the ones outlined in a sales contract, sales of goods act, consumer protection legislation, products liability in tort. Condition concerning correspondence to sample: goods should correspond to the sample in quality, buyer will be able to compare actual goods with sample, goods provided will be free of any unapparent defect making them unsalable without a discount (non merchantable, goods are merchantable (303): The sales of goods act is only valid against the ultimate seller: standard form contracts printed or standard contracts leave no room, pre packaged goods pre packaged goods are harder to inspect before, advertising a powerful tool to mislead or deceive the customer for bargaining purchase.
