Passing of Property

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

1. Sale of specific goods:

  • Passing of property at the time of contract.
  • Goods to be weighed or measured for ascertaining price.

2. Sale of unascertained goods:

  • Goods must be ascertained.
  • Goods must be appropriated.

3. Sale of approval: 

  • Acceptance
  • Failure to return.

Goods Delivered on Approval or Sale on return basis.

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By Hassham

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