Significance of transfer of property

You order a fridge online, pay half, and the delivery van is hit by a truck on the Eastern Express Highway before it reaches your building. Who bears the loss: the shop or you? Nothing in the delivery note answers that. The Sale of Goods Act answers it with one idea, the moment the ownership of the fridge passed from the shop to you. This topic is about why that single moment decides so many things.

In two minutes

In a sale of goods, the moment the property (ownership) passes from seller to buyer decides who bears the risk, whether the seller can sue for the price, and what remedies each side has if the other defaults or becomes insolvent.

The rest of this chapter

The full explanation, the cheat sheet, every previous-year question at every mark weight, the quiz and the answer skeletons are part of Contract – II on LexBlox Semester. Sign in to unlock the subject, or read Module 1 of Legal Language and Writing free.