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Discuss rules relating to transfer of property

      

Discuss rules relating to transfer of property

  

Answers


Ruth
1) Sale of Unascertained Goods- property passes to the buyer when the goods are ascertained.
These good include;
a) Goods to be manufactured by the seller. b) Crops to be grown by the seller.
c) Purely generic goods.
d) An unidentified portion of a special bulk or whole.

2) Sale by Auction- property passes when the Auctioneer announces its completion by the fall of the hammer or in any other customary manner.

Rules Governing Sale by Auction
a. If goods are offered in lots, each lot is deemed to be the subject matter of a separate contract.
b. If the right of the seller to bid is not expressly reserved, he cannot bid or do so through another person.
c. A sale by auction may be the subject to an agreed price
d. The right of the seller to bid may be reserved, in which case he may do so at the auction

3) Unconditional Sale of Specific Goods in a deliverable state- Property passes when the contract is concluded.

4) Sale of Specific goods not in a deliverable State- Where specific goods are to be put in a deliverable state, property passes when they are in this state and the buyer is notified.

5) Sale of specific goods to be weighed, measured, tested etc- if specific goods are to be weighed, measured, and tested or that other thing is to be done for the purpose of determining the price, property passes when the thing is done and the buyer is notified.

6) Sale by approval or On Sale or Return- where goods are delivered to the buyer by approval or on sale or return or on such other term, property in them passes to the buyer: -
a. When he signifies his acceptance or approved to the seller.
b. When he does any act adopting the transaction e.g. selling goods.
c. When he retains the goods even after expiration of the stipulated or reasonable time without signifying his rejection.

NatalieR answered the question on May 11, 2022 at 11:39


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