In March, Nena entered into several transactions with Hakeem.She borrowed a boat from him and promised that she would fix its engine before she gave it back.She purchased a piece of land from him for $100 000, even though it was really only worth $75 000.She received two bicycles from him as gifts and secretly intended to give him $500 on his next birthday.She paid $250 for his advice regarding her investments.She promised to pay $1000 in June and he promised to deliver a widget to her in July.It is now April.The Sale of Goods Act may apply to the transactions regarding

Question

Quizplus · Accepted Answer

The Sale of Goods Act applies to transactions involving the sale of goods. The widget is the only item mentioned that clearly falls under the category of goods being sold. The boat involves a service (repair), the land is real estate, the bicycles were gifts (not a sale), and the investment advice is a service, not goods.

In March, Nena Entered into Several Transactions with Hakeem