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If goods were delivered to buyer and after the delivery, the goods were destroyed, then who will suffer the loss?
  • a)
    Buyer
  • b)
    Seller
  • c)
    Both the buyer and seller
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If goods were delivered to buyer and after the delivery, the goods wer...
When goods delivered to buyer the ownership /property of goods transferred to owner means buyer . ACCORDING TO THE SEC 26 OF SALE OF GOOD ACT 1930 states that RISK FOLLOW OWNERSHIP.
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Community Answer
If goods were delivered to buyer and after the delivery, the goods wer...
- Risk Transfer: Once goods are delivered, the risk of loss or damage usually transfers to the buyer.
- Ownership and Responsibility: Delivery indicates the buyer now owns the goods and is responsible for any subsequent issues.
- Legal Principle: According to the principle of 'risk follows ownership', the buyer bears the loss post-delivery.
- Contract Terms: Unless otherwise specified in the contract, this is standard practice.
- Conclusion: Therefore, the buyer suffers the loss if goods are destroyed after delivery.
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If goods were delivered to buyer and after the delivery, the goods were destroyed, then who will suffer the loss?a)Buyerb)Sellerc)Both the buyer and sellerd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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If goods were delivered to buyer and after the delivery, the goods were destroyed, then who will suffer the loss?a)Buyerb)Sellerc)Both the buyer and sellerd)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If goods were delivered to buyer and after the delivery, the goods were destroyed, then who will suffer the loss?a)Buyerb)Sellerc)Both the buyer and sellerd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If goods were delivered to buyer and after the delivery, the goods were destroyed, then who will suffer the loss?a)Buyerb)Sellerc)Both the buyer and sellerd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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