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In: Operations Management

To what extent do the laws regulating contract of sale of goods and hire purchase agreement...

To what extent do the laws regulating contract of sale of goods and hire purchase agreement in Malaysia protect consumers? Explain using your own example/ illustration.

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Expert Solution

The Sale of Goods Act governs the sale of commodity laws in Malaysia, New Zealand, the United Kingdom and Canada.

The bill, which has a short title, will be known as a bill for the sale of goods during the passage of Parliament.

Action for the sale of goods may be the common name for the law of the short name or for all the laws pertaining to the sale of goods.
A person can only transfer ownership of the property unless he also owns it. An honest third party purchase will be weaker than the original owner’s claim.

The goods must match their description. Otherwise, the seller will face strict liability. For a business-to-business transaction, this term cannot be excluded from the contract, but this term may be included for business-to-business transactions.

The goods must meet a reasonable test for satisfactory quality. This means that goods must be what people reasonably expect, considering prices, descriptions, and other circumstances. However, this right is lost when the defect is first indicated by the seller or when the buyer has inspected the goods and the defect is obvious.

The goods must fit their intended purpose. This indicates that the buyer must inform the seller why he wants to buy the item. If this purpose is not made clear, the buyer cannot claim any refund.
Similar to the default description condition, the product must conform to the prototype and installation, unless the seller shows the difference first. If the seller agrees to perform the installation or arrange the installation, this must be done properly.
For example, for a specific product, the property determines when the product is in the distribution phase. In addition, for uncertain goods, ownership is transferred until the goods have been identified and delivered to the buyer. On the other hand, when a business is sold to a customer, the business is still obligated to bear the risk of the product until it is delivered and received by the customer.


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