B.Jones entered into an agreement with Marina Boats for the purchase of a new sailboat for $21,000.The purchase was to be on credit,subject to a favourable credit report on Jones.Marina Boats checked with Credit Reporting Company,and was informed that a B.Jones had defaulted on a number of debts,and currently had judgments in the amount of $30,000 against him.
-Marina Boats would be classed as an itinerant seller under the legislation of most provinces,even though it sells only from a fixed place of business.It must,therefore,be registered as such.

Question

Quizplus · Accepted Answer

An itinerant seller typically refers to a seller who travels from place to place to sell goods, not one who sells from a fixed place of business. Therefore, Marina Boats, which sells from a fixed location, would not be classified as an itinerant seller.

BJones Entered into an Agreement with Marina Boats for the Purchase