If you buy a toaster from a second$-$hand dealer of small appliances, which of the following is true?

The Sale of Goods Act prohibits the seller from exempting himself from liability in the event that the toaster is not fit for purpose. The risk of loss depends on who has possession of the toaster.

The Sale of Goods Act does not apply.

Title to the toaster would pass at the time the buyer picked it up the next day.

There is an implied term of the contract that the seller has good title $($i$.$e$.,$ the right to sell it$).$