Management and Organizational Studies 2275A/B Chapter 15: Chapter 15 - Business Law 2275

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

Document Summary

Provincial legislation (common law provinces); generally the same with a few variations. Sale of goods act implies terms that the parties to sale of goods transactions often leave (implies terms into contract) The act only implies missing terms, so the stated intention of the parties will override the provisions of the act. Applies to all situations where goods are bough and sold. Normal contract rules apply to sale of goods transactions, except where overridden by the. Lawyer drafts a will or an artist paints a portrait, and the client gets a physical item; the act will not apply in these two situations. Distinction between sale and agreement to sell (title does not transfer immediately upon the sale agreement s being concluded); the act applies to both. Whoever has the title bears the risk of damage of destruction to the goods unless the parties have agreed otherwise; normally risk follows title.