Question: At a party on the weekend Trevor casually mentioned that he was thinking about buying a RAM 3500 truck to help his company deliver product
At a party on the weekend Trevor casually mentioned that he was thinking about buying a RAM 3500 truck to help his company deliver product to his fast - growing network of customers in the Okanagan . Well - meaning friends , who had not completed BUAD 209 began to offer him lots of free advice . Which one of the following statements is true ? Select one : a . Conditional sales contracts are only available when purchasing real property . b . The rights and obligations of CycleCo differ substantially if Trevor's company buys the truck under a chattel mortgage rather than a conditional sales agreement . c . If the truck is repossessed under a conditional sales contract the creditor must use commercial reasonable care to protect the goods and keep them in good repair . d . If CycleCo was in default , the conditional seller could sell the truck and keep all the proceeds regardless of the outstanding debt and any costs owed . e . If CycleCo was in default he can never be sued .
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