
With regard to a contract for the sale and purchase of goods, which of the following is False?
A) Title to the goods may pass to the buyer at the time of contract.
B) Contracts for the sale of goods valued at more than $2 must be in writing in order to be enforceable.
C) The Act provides a number of implied terms that may be added to the contract if the parties failed to mention those particular matters.
D) To guard against loss, a buyer of costly goods should have his insurance in place by the time that title passes to him, because the person with title generally bears the loss.
E) The buyer of used goods has the protection of the implied terms of the Sale of Goods Act, but the Act does not automatically void an exemption clause in a contract for the sale of used goods.
Correct Answer:
Verified
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