When goods are concider to sale
This query is : Resolved
23 November 2014
when goods are consider to be sale
23 November 2014
Goods are to be considered as sold when the property in the goods transfers from Seller to Buyer as per the terms of the contract.
The next issue is what is the time when the Property in goods gets transferred. This is governed by Sale of Goods Act which specifies different timings for transfer of property in different scenarios. Apart from the Act, there are also commercial practices which govern the time regarding transfer of title.
Thanks!
The next issue is what is the time when the Property in goods gets transferred. This is governed by Sale of Goods Act which specifies different timings for transfer of property in different scenarios. Apart from the Act, there are also commercial practices which govern the time regarding transfer of title.
Thanks!
Rupesh Jain
(Expert)
25 November 2014
its depend on the condition of the contract between buyer and seller.
01 December 2014
agreed with pv ram.................
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