Maggie wants to sell her unwanted Xmas presents at a garage sale in order to raise funds for a trip to Thailand. What is her legal position? Group of answer choices Maggie is not subject to the Consumer Guarantees Act as this is not activity in trade as described in the Act. The sales are not covered by the Consumer Guarantees Act because it does not cover the sale of second hand goods. The Consumer Guarantees Act need not apply to this transaction because Maggie can always enter an agreement with buyers stating that they have no rights under the Consumer Guarantees Act. All these statements are correct.

Ben travels overseas on holiday. He buys himself a pair of shoes and 9 extra pairs to sell on his return to New Zealand. He advertises the shoes for sale on TradeMe. What is Ben’s legal position? Group of answer choices The sale is not covered by the Consumer Guarantees Act because the manufacturer does not have a place of business in New Zealand. The sales are not covered by the Consumer Guarantees Act because the Act does not cover Internet sales. Ben is subject to the Consumer Guarantees Act and the Fair Trading Act. Ben is only subject to the Consumer Guarantees Act if the manufacturer does not have a place of business in New Zealand.

If a seller sues a buyer for the contract price of ordered goods, the seller _____.Multiple choice question.cannot resell the goods to anyone else other than the buyermust discredit the buyer for the proceeds of the salecannot hold the goods for the buyermust turn the goods over to the buyer if the buyer pays for them

Willow Ltd sells and delivers goods to Daisy Ltd on 11 May. Both parties agree that Daisy Ltd will hold the goods on consignment to be sold to third parties. Daisy Ltd is not required to pay Willow Ltd for the goods until they are sold to a third party.Which of the following statements is incorrect?Group of answer choicesAt the time of delivery of the goods to Daisy Ltd there is no probability that future economic benefits will flow to Willow Ltd.Willow Ltd does not recognise any revenue until Daisy Ltd has on-sold goods to a third party.Willow Ltd retains the risks and rewards of ownership of the goods after delivery to Daisy Ltd.Willow Ltd recognises revenue on 11 May for the sale of goods to Daisy Ltd.

Section Blank______ of the Federal Trade Commission Act prohibits unfair and deceptive acts in commercial settings, including consumer purchases.Multiple choice question.2753

A seller is not obligated to try to resell the goods to someone else other than the intended buyer if she __________.Multiple choice question.tries to resell them without allotting the buyer's benefitsintends to use them for personal usesets aside goods intended for the contractfails to complete the manufacture of such goods