Which of the following is not a form of delivery?a)constructive delive...
Not a Form of Delivery
There are different forms of delivery that can be used in legal transactions such as sales, leases, and assignments. These forms of delivery are important because they establish when and how transfer of ownership or possession occurs. The question asks which of the following is not a form of delivery, and the correct answer is option 'B' which is structured delivery. Let us explain why this is the case.
Forms of Delivery
1. Actual Delivery
Actual delivery is the physical transfer of the subject matter of the transaction from the seller to the buyer. This form of delivery is common in the sale of tangible goods such as cars, furniture, and machinery. Actual delivery occurs when the seller hands over the goods to the buyer, or when the buyer takes possession of the goods at the seller's premises.
2. Symbolic Delivery
Symbolic delivery is the transfer of possession of the subject matter of the transaction without the physical transfer of the goods. This form of delivery is common in the sale of intangible goods such as shares, bonds, and intellectual property. Symbolic delivery occurs when the seller hands over the key or document that represents the ownership or possession of the goods.
3. Constructive Delivery
Constructive delivery is the transfer of possession of the subject matter of the transaction through the control of a third party. This form of delivery is common in the sale of goods stored in a warehouse, where the buyer takes possession of the goods by controlling the warehouse operator. Constructive delivery occurs when the seller notifies the buyer that the goods are available for pickup, and the buyer takes control of the warehouse operator.
4. Structured Delivery
Structured delivery is not a form of delivery used in legal transactions. It is not related to the transfer of ownership or possession of the subject matter of the transaction. Therefore, option 'B' is the correct answer to the question.
Conclusion
In summary, delivery is an important aspect of legal transactions that establishes the transfer of ownership or possession of the subject matter of the transaction. There are different forms of delivery, including actual delivery, symbolic delivery, and constructive delivery. Structured delivery is not a form of delivery used in legal transactions.
Which of the following is not a form of delivery?a)constructive delive...
Bcz delivery according to sales of goods act is of three types
1.constructive
2.structured
3.symbolic
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