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Group 2 - Sale of Goods Act

Group 2 - Sale of Goods Act

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Published by: Kamal Singh Martolia on May 08, 2012
Copyright:Attribution Non-commercial

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12/03/2013

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Submitted by:Vikram Datta (2502)Namrata Sethi (2532)Prachi Ahuja (2553)
- Transfer of Property- Performance of Contract of Sale- Rights of Unpaid Seller
MFC (1
st
Semester)Department of Financial StudiesUniversity of Delhi
 
Sale
means the primary transfer of property in goods by the seller to thebuyer.
Transfer of property
 in goods means the transfer of ownership of goods
'
Property in goods
 is different from possession of goods. Possessionrefers to the custody.
So the property in goods may pass from the seller to the buyer but thegoods may be in possession of the seller either as unpaid seller or as abailee for the buyer.
 
Risk 'prima-facie' passes with the property (Sec. 26)
Suit for prices
Insolvency of the seller or the buyer
Action against the third party.
 

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