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In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods are
- a)ascertained
- b)appropriated to the contract
- c)weighed and measured
- d)both (a) and (b)
Correct answer is option 'D'. Can you explain this answer?
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In case of sale of unascertained goods, the ownership is transferred t...
Ownership transfer in case of sale of unascertained goods
Introduction: In a sale of unascertained goods, the ownership of the goods is transferred from the seller to the buyer when certain conditions are met. Let's explore these conditions in detail.
Condition 1: Goods must be ascertained: The first condition for the transfer of ownership is that the goods must be ascertained. This means that the goods must be identified and agreed upon by both the buyer and the seller. Until the goods are ascertained, the ownership remains with the seller.
Condition 2: Goods must be appropriated to the contract: The second condition for the transfer of ownership is that the goods must be appropriated to the contract. This means that the goods must be set aside and marked as belonging to the buyer. This can be done by physical segregation or by issuing a delivery order.
Condition 3: Goods must be weighed and measured: The third condition for the transfer of ownership is that the goods must be weighed and measured. This ensures that the buyer receives the exact quantity of goods that they have paid for.
Conclusion: In conclusion, the ownership of unascertained goods is transferred from the seller to the buyer when the goods are ascertained and appropriated to the contract. Weighing and measuring the goods ensures that the buyer receives the correct quantity of goods.
Introduction: In a sale of unascertained goods, the ownership of the goods is transferred from the seller to the buyer when certain conditions are met. Let's explore these conditions in detail.
Condition 1: Goods must be ascertained: The first condition for the transfer of ownership is that the goods must be ascertained. This means that the goods must be identified and agreed upon by both the buyer and the seller. Until the goods are ascertained, the ownership remains with the seller.
Condition 2: Goods must be appropriated to the contract: The second condition for the transfer of ownership is that the goods must be appropriated to the contract. This means that the goods must be set aside and marked as belonging to the buyer. This can be done by physical segregation or by issuing a delivery order.
Condition 3: Goods must be weighed and measured: The third condition for the transfer of ownership is that the goods must be weighed and measured. This ensures that the buyer receives the exact quantity of goods that they have paid for.
Conclusion: In conclusion, the ownership of unascertained goods is transferred from the seller to the buyer when the goods are ascertained and appropriated to the contract. Weighing and measuring the goods ensures that the buyer receives the correct quantity of goods.
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In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. Can you explain this answer?
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In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. 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 In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. 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 In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. Can you explain this answer?.
In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. 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 In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. 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 In case of sale of unascertained goods, the ownership is transferred to the buyer when the goods area)ascertainedb)appropriated to the contractc)weighed and measuredd)both (a) and (b)Correct answer is option 'D'. Can you explain this answer?.
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