NOTES


CA-Foundation > Business Laws > The Sale of Goods Act, 1930 - Transfer of Property (Old & New)

Aadesh agreed to purchase 100 bales of cotton from Vikas from his large stock. Aadesh sent his men to take delivery of goods. They could pack only 70 bales. Then there was accidental fire and the entire stock was destroyed, including the 70 bales that were packed. Who will bear the loss and to what extent.



Ans.
Since 70 bales were appropriated, property in those 70 bales was transferred to Aadesh. Hence, Aadesh is liable for 70 bales.

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Notes of The Sale of Goods Act, 1930 - Transfer of Property (Old & New)



  1. Aadesh agreed to purchase 100 bales of cotton from Vikas from his large stock. Aadesh sent his men to take delivery of goods. They could pack only 70 bales. Then there was accidental fire and the entire stock was destroyed, including the 70 bales that were packed. Who will bear the loss and to what extent.

    see in detail

  2. Why is necessary to determine the precise moment of time at which the ownership of the goods passes from the seller to the buyer.

    see in detail

  3. Aman delivered some jewellery to Vinod on sale or return basis. Vinod pledged the jewellery with Mihir. Aman want to claim back the goods from Mihir. Advice.

    see in detail

  4. Define Mercantile Agent as defined in the Sale of Goods Act, 1930.

    see in detail

  5. Explain the law related to passing of risk in case of the sale of goods.

    see in detail


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