TRUE/FALSE

1. The price in a sale of goods may only be paid in money.

2. Every contract for the sale of goods must state the price.

3. In a "sale on approval" contract the risk of loss remains on the seller if the buyer returns the goods to the seller.

4. A warranty of fitness for a particular purpose arises when the buyer relies upon the seller to select goods to meet the buyer's needs.

Answer rating: 100% (QA)

1 FalseIt can be paid in other form as well like stock ... View the full answer