Question: A. With reference to a decided case, explain the rule that risk passes with property in a contract for the sale of specific goods. (4

A. With reference to a decided case, explain the rule that risk passes with property in a contract for the sale of specific goods. (4 marks) B. State the difference between the following pairs of concepts: i. Sale and agreement to sell ii. Property and possession iii. Condition and warranty (6 marks) C. Mike decided to manufacture and distribute male underwear under the brand, Best Fit. He is aware that there is a well-known international company, Elite Underwear, that has a similar brand product but this company no longer operates in Jamaica. Mike thinks that it is a brilliant idea as he could benefit from the goodwill. He is about to commence manufacturing and distribution. Advise Mike of any legal fact he needs to consider under the Sale of Goods Act before he embarks on his business idea. (10 marks) A. With reference to a decided case, explain the rule that risk passes with property in a contract for the sale of specific goods. (4 marks) B. State the difference between the following pairs of concepts: i. Sale and agreement to sell ii. Property and possession iii. Condition and warranty (6 marks) C. Mike decided to manufacture and distribute male underwear under the brand, Best Fit. He is aware that there is a well-known international company, Elite Underwear, that has a similar brand product but this company no longer operates in Jamaica. Mike thinks that it is a brilliant idea as he could benefit from the goodwill. He is about to commence manufacturing and distribution. Advise Mike of any legal fact he needs to consider under the Sale of Goods Act before he embarks on his business idea. (10 marks)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
