Transfer of property between buyer and seller is explained in chapter III of Sale of Goods Act, 1930.
Arrange the following provisions in the sequence of their appearance in the Act.
A. Property in goods passes when they are ascertained
B. Property in goods passes when the buyer and seller intend it to pass
C. In case of specified goods in deliverable state, property in goods passes when contract is made
D. Risk prima facie passes with property
Choose the correct answer from the options given below:
- AOption (a)
A, B, C, D
- BOption (b)
A, C, B, D
- COption (c)
D, B, C, A
- DOption (d)
B. A, C, D
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Correct answer
A, B, C, D
Why this answer is correct
The correct answer is Option 1.
Key Points
Option 1) A, B, C, D
The sequence of provisions in Chapter III of the Sale of Goods Act, 1930 is as follows:
- Property in goods passes when they are ascertained (Section 18): It emphasizes that the goods must be identified and ascertained for the property to pass.
- Property in goods passes when the buyer and seller intend it to pass (Section 19): This sets the general principle that property in goods passes as per the intention of the parties.
- In case of specified goods in a deliverable state, property in goods passes when the contract is made (Section 20): This provision applies specifically to certain scenarios involving specified goods.
- Risk prima facie passes with property (Section 26): This highlights the principle that risk in goods typically transfers to the buyer when the property is transferred.