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If a seller handed over the keys of a warehouse containing the goods to the buyer results in
  • a)
    constructive delivery
  • b)
    actual delivery
  • c)
    symbolic delivery
  • d)
    none of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If a seller handed over the keys of a warehouse containing the goods t...
Symbolic Delivery
Symbolic delivery refers to the transfer of possession or control of goods without physically handing over the goods themselves. In the scenario provided, when the seller handed over the keys of the warehouse containing the goods to the buyer, it constitutes symbolic delivery.
Explanation
In symbolic delivery, the act of handing over the keys or any other symbolic representation of control or possession signifies the transfer of ownership of the goods. The buyer gains control over the goods stored in the warehouse by receiving the keys, even though the physical goods may not have been moved or physically transferred at that moment.
Significance
Symbolic delivery is a common practice in commercial transactions, especially in cases where it may not be practical or feasible to physically transfer the goods immediately. It allows for the transfer of ownership to take place smoothly and efficiently, without the need for immediate physical transfer.
Conclusion
In conclusion, when a seller hands over the keys of a warehouse containing the goods to the buyer, it falls under symbolic delivery. This action symbolizes the transfer of possession and control of the goods, even though the physical goods themselves may remain in the same location.
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Community Answer
If a seller handed over the keys of a warehouse containing the goods t...
Explanation:
When a seller hands over the keys of a warehouse containing goods to the buyer, it is known as symbolic delivery. This means that the seller is symbolically transferring ownership and control of the goods to the buyer, even though the physical possession of the goods may not have been transferred yet.
Here is a detailed explanation:
1. Constructive delivery: This refers to a situation where the seller transfers ownership and control of the goods to the buyer without physically handing over the goods. It usually occurs when the goods are too large or impractical to be physically delivered. In this case, the seller has handed over the keys of the warehouse, indicating that the buyer now has control over the goods stored inside.
2. Actual delivery: This refers to the physical transfer of goods from the seller to the buyer. It involves the seller physically handing over the goods to the buyer or arranging for their transportation. In the given scenario, the keys of the warehouse have been handed over, but it does not necessarily mean that the goods themselves have been physically transferred.
3. Symbolic delivery: This is the correct answer. Symbolic delivery occurs when the seller uses a symbolic act or gesture to transfer ownership and control of the goods to the buyer. In this case, the act of handing over the keys of the warehouse represents the transfer of ownership and control of the goods stored inside.
4. None of the above: This option is incorrect as the situation described in the question falls under symbolic delivery.
Overall, when the seller hands over the keys of a warehouse containing goods to the buyer, it represents symbolic delivery, indicating the transfer of ownership and control of the goods.
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If a seller handed over the keys of a warehouse containing the goods to the buyer results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)none of the aboveCorrect answer is option 'C'. Can you explain this answer?
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If a seller handed over the keys of a warehouse containing the goods to the buyer results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If a seller handed over the keys of a warehouse containing the goods to the buyer results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a seller handed over the keys of a warehouse containing the goods to the buyer results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)none of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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