The Sale of Goods Act 1957, Section 15 (sale by description) and section 16 (implied conditions...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Sale of Goods Act 1957, Section 15 (sale by description) and section 16 (implied conditions as to quality and fitness for purpose), promotes two perspectives, one protects the buyer and the other protects the seller. In your opinion to what extent is caveat venditor or caveat emptor still relevant today? Discuss. Your answer should make relevant reference to materials provided on E-Learn. Question (Instruction) Your answer must refer to relevant materials (e.g. journals, case law and legislation where relevant). You are given sufficient materials on E-learn to refer and construct your answer. But you are encouraged to do further research in this area (if needed to further support the arguments that you are making in your answer). When answering the question, you will first have to discuss the doctrine of caveat venditor and caveat emptor in general and then go on to discuss the doctrine as it applies to the sale of goods in Malaysia, specifically the Malaysian Sale of Goods Act 1957. You are also required to do a comparative analysis between Malaysian Law and the laws of England, in relation to the sale of goods. The Sale of Goods Act 1957, Section 15 (sale by description) and section 16 (implied conditions as to quality and fitness for purpose), promotes two perspectives, one protects the buyer and the other protects the seller. In your opinion to what extent is caveat venditor or caveat emptor still relevant today? Discuss. Your answer should make relevant reference to materials provided on E-Learn. Question (Instruction) Your answer must refer to relevant materials (e.g. journals, case law and legislation where relevant). You are given sufficient materials on E-learn to refer and construct your answer. But you are encouraged to do further research in this area (if needed to further support the arguments that you are making in your answer). When answering the question, you will first have to discuss the doctrine of caveat venditor and caveat emptor in general and then go on to discuss the doctrine as it applies to the sale of goods in Malaysia, specifically the Malaysian Sale of Goods Act 1957. You are also required to do a comparative analysis between Malaysian Law and the laws of England, in relation to the sale of goods.
Expert Answer:
Answer rating: 100% (QA)
The doctrine of caveat venditor also known as the seller beware is a legal principle that places the burden of responsibility on the seller to ensure ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these accounting questions
-
The Sale of Goods Act in each province implies certain terms into contracts of sale relating to the fitness and quality of the product. Some Canadian jurisdictions make these provisions mandatory in...
-
What types of transactions does the Sale of Goods Act apply to?
-
The Sale of Goods Act imposes terms relating to goods matching samples or descriptions, and meeting standards of fitness, quality and title. Explain the nature of these implied terms and their effect...
-
Three years ago, Witt Gas Controls purchased equipment for $80,000 that was expected to have a useful life of 5 years with a $9000 salvage value . Increased demand necessitated an upgrade costing...
-
Up & Away Airlines has provided the following information regarding cash received for ticket sales in September and October: Cash received in September for October ights............$500,000 Cash...
-
Sanders Fashion enters into a lease arrangement with Highpoint Leasing for 5 years. Sanders agrees to pay 4% of its net sales as a variable lease payment. Sanders does not pay any fixed payments....
-
Find the Nielsen ratings for the past week. What were the three most popular television shows? Explain the meaning of the rating and the share for each show.
-
Taussig Technologies Corporation (TTC) has been growing at a rate of 20% per year in recent years. This same growth rate is expected to last for another 2 years, then decline to gn = 6%. a. If D0 =...
-
A highly speculative get-rich-quick investment scheme offers a monthly return of 23.95%. If you constantly invest RM6,000 at the end of the month for 4 years, what is the expected future value of...
-
Determine the magnitude and direction, measured counterclockwise from the positive x' axis, of the resultant force of the three forces acting on the bracket. Given: F1 = 300 N F2 = 200 N F3 = 180 N...
-
When creating rigidity in the torso, which of the following involves expiring against a closed glottis, combined with contracting muscles of the abdomen and rib cage? Heimlich maneuver Valsalva...
-
Write the coefficient matrix of the linear program Maximize 3x1 + 5x2 - 10x4 Subject to x1 + x2 + x3 = 6 2x1 + x2 + x4 = 10 x1 + 3x2 - x5 = 3 4x1 + 2x2 + 2x4 = 20 xi 0, i = 1, 2, 3, 4, 5. and...
-
1. Given the following grammar: [E-> ET+] T;T-> id ] a) Construct the DFA of LR (0) items for this grammar b) Construct the SLR (1) parsing table
-
Research has indicated that there is a relative absence of which trait in Chinese contexts? O A. Agreeableness B. Sensing O C. Emotional stability OD. Openness OE. Judging www
-
Required: Briefly explain whether the $7,000 and the $180,000 receipts constitutes ordinary income (4 marks). Alan works for a large investment bank called "Big Bank". He also regularly gives a 5...
-
A particle moves along the x-axis so that at time t 0 its position is given by 2t - 21t + 72t - 53. At what time t is the particle at rest? x(t) = =
-
A corporation that uses the equity method of accounting for its investment in a 40 % -owned investee that earned $ 20,000 and paid $ 5,000 in dividends made the following entries : Investment in...
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
Gordon is the only limited partner in Bushmill Ventures, a limited partnership whose general partners are Daniels and McKenna. Gordon contributed $10,000 for his limited partnership interest and...
-
In 1942, Congress passed the Emergency Price Control Act in the interest of national defense and security. The stated purpose of the Act was to stabilize prices and to prevent speculative,...
-
Albert, Betty, and Carol own and operate the Roy Lumber Company. Each contributed one-third of the capital, and they share equally in the profits and losses. Their partnership agreement provides that...
-
Cumulative Normal distribution \(\Phi_{(\mu, \sigma)}\) and probability (a) \(X \sim \phi_{(0,1)}\); what is \(P(X \leq 1.43)\) ? (b) \(X \sim \phi_{(0,1)}\); what is \(P(X>1.43)\) ? (c) \(X \sim...
-
Inverse cumulative Normal distribution \(z\) (a) Find \(z_{0.05}\). (b) Find \(z_{0.95}\). (c) Let \(X \sim \phi_{(2,1)}\). Find \(a\) such that \(P(X \leq a)=0.05\). (d) Let \(X \sim \phi_{(2,1)}\)....
-
The Normal approximation (a) A discrete stochastic variable \(X\) has expected value \(\mu_{X}=3\) and \(\sigma_{X}=1.2\). Use the Normal approximation to find \(P(X \leq 4)\). (b) A continuous...
Study smarter with the SolutionInn App