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The seller's obligations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › The seller's obligations

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • July 11, 2015 at 9:53 pm #260574
    Chloe
    Member
    • Topics: 95
    • Replies: 243
    • ☆☆☆

    Specific goods and identified goods from specific stock.

    I have seen this in the textbook and not your notes. How does this make a difference?

    Thanks

    July 12, 2015 at 8:42 am #260590
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    “Specific goods from identified stock” = “I want that one over there. No, not that one, the one next to it. Yes, that one”

    Unidentified is “Can I buy a car, please?” “What make, model, age?”

    “Not bothered! I just want to buy a car”

    Specific goods are “Do you have any Austin Healey frog-eyed Sprites? You do? You have a blue one? With less than 50,000 on the clock? I’ll have it”

    Ok?

    July 12, 2015 at 9:25 am #260599
    Chloe
    Member
    • Topics: 95
    • Replies: 243
    • ☆☆☆

    Yes, makes sense. I assume that there are issues with specific goods from identified stock if the right one is not given. The same with specific goods as the details would be in the contract and could therefore lead to a breach in contract if not provided.

    July 12, 2015 at 10:50 am #260611
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Agreed

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