Why is it important to determine when property in goods passes from seller to buyer?

      

Why is it important to determine when property in goods passes from seller to buyer?

  

Answers


Maurice
(i) It is the essence of the contract of the sale of goods that property in the goods pass to the buyer.

(ii) It determines when risk in the goods pass to the buyer hence the party is liable in the event of loss or destruction.

(iii) It determines the remedies available to the parties, for example, the seller can only sue for
the price after property in the goods had passed.
maurice.mutuku answered the question on May 3, 2018 at 08:58


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