Passing Of Property/Transfer of Property Between Buyer And Seller

Passing Of Property/Transfer of Property Between Buyer And Seller

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TOPIC- Passing Of Property/Transfer of Property Between Buyer And Seller

Transfer of property is the process of transferring the property in goods to the buyer for a price. It is the essence of a contract of sale.

Rules:

a. Sale of specific goods:

i) Passing of property at the time of contract.

ii) Goods to be weighed or measured for ascertaining price.

b. Sale of unascertained goods:

i) Goods must be ascertained.

ii) Goods must be appropriated.

c .Sale of approval:

i) Acceptance.

ii) Failure to return.

B. Goods Delivered on Approval or Sale on return basis.

Business Law Unit 1 Business Law Complete Notes Passing Of Property/Transfer of Property Between Buyer And Seller

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