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WAEC Commerce 2001 Question 49

Question 49

Law of Contract

The law by which the seller transfers the property in goods to the buyer at an agreed price is the

  1. A.Hire Purchase Act
  2. B.Trade Description Act
  3. C.Foods and Drugs Act
  4. D.Sale of Goods Act.
Show the answer and explanation

Answer: D (Sale of Goods Act.)

Explanation

The Sale of Goods Act governs contracts transferring ownership of goods for a money price.