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Business Regulatory Framework by Purnakam Dash

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17

Transfer of Property

CHAPTER OBJECTIVES

After carefully reading this chapter, you will be able:

  • Appreciate the importance of transfer of property in a contract of sale.
  • Know the exact moment when property in the goods passes from the seller to the buyer.
  • Identify the occasions when a non-owner of goods can transfer a valid title to the buyer.

Transfer of property or ownership is the main object of a contract of sale. Unless property of the goods passes from the seller to the buyer, the buyer cannot get quiet possession over the goods. That means he cannot use or enjoy the goods in any manner he likes.

When property in the goods passes from the seller to the buyer, the buyer becomes the owner and enjoys the rights of ownership. So, transfer ...

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