Management and Organizational Studies 2275A/B Chapter Notes - Chapter 23: Forklift, The Purchase Price, The Seller

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

Document Summary

Chap 23: sales and marketing the contract, Three objectives: to protect consumers from physical harm, to foster fair competition, to protect consumers from unfair selling practice. Federal and provincial legislations relating to consumer protection & competition. Define: all areas of law that influence and direct the creation, promotion, pricing, and distribution of gods, services, or ideas. Caveat emptor let the buyer beware or let the buyer take care . Requires prospective purchasers to take care of themselves, to be aware of what they are purchasing and to make appropriate investigations before buying. Purchaser"s expectations must be contained in the contract, otherwise cannot receive any remedy. The item sold is fit for the purpose sold. Provide remedies to the buyer if these terms are breached. Conditions (terms are essential to the purpose of the contract) The seller has the right to sell the goods.