To which one of the following contracts would the Sale of Goods Act apply? OA) A...

   

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To which one of the following contracts would the Sale of Goods Act apply? OA) A contract for the sale of a famous painting B) A contract for medical services with a doctor C) The trade of a car for a boat involving no money OD) The purchase of a house 1 point 1 point A purchase money security interest (PMSI): A) will be automatically be lower to any general security agreement, even if registered within the specified time period. B) will prevail over a general security agreement covering all of a merchant's assets if it registered within the specified time period. C) is also known as a floating charge. D) is prohibited in most provinces. TRUE OR FALSE: A distinction between real property and personal property is that 1 point one cannot be moved while the other can. OTRUE FALSE Which one of the following statements about the Personal Property Security Act is true? 1 point A) This legislation applies only to all present transactions where personal property is given as security interest enforce an obligation. B) Unless a creditor in a secured transaction covered by this act takes steps to attach and perfect his security interest, he could lose that interest to someone outside the contract C) In a situation where a debtor fraudulently attempts to transfer property that he has given as security, the Act is designed to protect both the debtor and the secured creditor. D) If a secured creditor fails to register his security interest in the Personal Property Registry, he loses his rights against the debtor To which one of the following contracts would the Sale of Goods Act apply? OA) A contract for the sale of a famous painting B) A contract for medical services with a doctor C) The trade of a car for a boat involving no money OD) The purchase of a house 1 point 1 point A purchase money security interest (PMSI): A) will be automatically be lower to any general security agreement, even if registered within the specified time period. B) will prevail over a general security agreement covering all of a merchant's assets if it registered within the specified time period. C) is also known as a floating charge. D) is prohibited in most provinces. TRUE OR FALSE: A distinction between real property and personal property is that 1 point one cannot be moved while the other can. OTRUE FALSE Which one of the following statements about the Personal Property Security Act is true? 1 point A) This legislation applies only to all present transactions where personal property is given as security interest enforce an obligation. B) Unless a creditor in a secured transaction covered by this act takes steps to attach and perfect his security interest, he could lose that interest to someone outside the contract C) In a situation where a debtor fraudulently attempts to transfer property that he has given as security, the Act is designed to protect both the debtor and the secured creditor. D) If a secured creditor fails to register his security interest in the Personal Property Registry, he loses his rights against the debtor

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In a contract for the sale of goods the seller transfers or promises to transfer the buyers ownershi... View the full answer