Here comes your neighbour Max,who wants to ask you more questions about buying an Apple computer for use at home under a conditional sales contract.Which one of the following statements told to him at work is true?
A) If Max has paid two-thirds of the amount owing under the conditional sale contract, the conditional seller could never seize the computer, even if Max were in default.
B) If Max is in default and the conditional seller seizes the computer, the relevant statute provides that it can be sold immediately with no further notice to Max.
C) Max's rights would be much greater and his obligations fewer if he bought it under a chattel mortgage rather than a conditional sales contract.
D) If Max were in default, the conditional seller could sell the computer and keep all the proceeds of that sale, even if they were greater than the debt and costs.
E) In a conditional sales contract, the result of satisfying the condition is that the lien or charge will be removed from the goods used as security.
Correct Answer:
Verified
Q2: Which of the following is false with
Q10: Which one of the following statements about
Q11: With regard to guarantees and indemnities, which
Q12: Bret decided to enlarge the fishpond in
Q15: In which one of the following situations
Q16: Which of the following is the consequence
Q16: If you want to buy a car
Q17: With regard to bankruptcy and debt collection,which
Q18: Which one of the following actions by
Q20: Identify which of the following statements best
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents