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Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?
- a)No-Ram has not taken the delivery
- b)No-Property is not transferred to Ram
- c)Yes-Property transferred to Ram
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
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Ram of Mumbai order Bill of Delhi for the supply of certain goods. The...
The correct answer is option 'C' - Yes, the property transferred to Ram.
Explanation:
- Ram of Mumbai ordered goods from Delhi, which means there was an agreement between Ram and the supplier in Delhi for the supply of certain goods.
- The station master of Mumbai informed Ram about the arrival of the goods, indicating that the goods have reached the destination.
- According to the Indian Sale of Goods Act, 1930, the property in the goods is transferred from the seller to the buyer when the parties intend it to be transferred.
- In this case, since the goods have arrived at the destination and Ram has been informed about it, it can be inferred that the parties intended the property in the goods to be transferred to Ram.
- The fact that the goods are destroyed before Ram could take the delivery does not affect the transfer of property.
- Once the property is transferred to Ram, he becomes the owner of the goods and is entitled to the benefits and risks associated with it.
- Therefore, Ram can claim the money for the goods from the supplier in Delhi as the property has been transferred to him.
Importance of Delivery:
- Delivery is an essential element in the transfer of property in goods.
- It signifies the voluntary transfer of possession from the seller to the buyer.
- However, in this case, even though Ram has not taken physical delivery of the goods, the property is still considered to be transferred to him.
Exceptions to Delivery:
- The Indian Sale of Goods Act provides certain exceptions to the rule of delivery. These exceptions include:
1. When there is an agreement between the buyer and the seller for the transfer of property at a future date or on the happening of a specific event.
2. When the goods are in a deliverable state, but the seller is required to do something to put them into a deliverable state.
3. When the goods are in the possession of a third party, who is holding them as bailee for the seller.
Conclusion:
- In this case, since the goods have arrived at the destination and Ram has been informed about it, the property in the goods is considered to be transferred to him.
- Therefore, Ram can claim the money for the goods from the supplier in Delhi.
Explanation:
- Ram of Mumbai ordered goods from Delhi, which means there was an agreement between Ram and the supplier in Delhi for the supply of certain goods.
- The station master of Mumbai informed Ram about the arrival of the goods, indicating that the goods have reached the destination.
- According to the Indian Sale of Goods Act, 1930, the property in the goods is transferred from the seller to the buyer when the parties intend it to be transferred.
- In this case, since the goods have arrived at the destination and Ram has been informed about it, it can be inferred that the parties intended the property in the goods to be transferred to Ram.
- The fact that the goods are destroyed before Ram could take the delivery does not affect the transfer of property.
- Once the property is transferred to Ram, he becomes the owner of the goods and is entitled to the benefits and risks associated with it.
- Therefore, Ram can claim the money for the goods from the supplier in Delhi as the property has been transferred to him.
Importance of Delivery:
- Delivery is an essential element in the transfer of property in goods.
- It signifies the voluntary transfer of possession from the seller to the buyer.
- However, in this case, even though Ram has not taken physical delivery of the goods, the property is still considered to be transferred to him.
Exceptions to Delivery:
- The Indian Sale of Goods Act provides certain exceptions to the rule of delivery. These exceptions include:
1. When there is an agreement between the buyer and the seller for the transfer of property at a future date or on the happening of a specific event.
2. When the goods are in a deliverable state, but the seller is required to do something to put them into a deliverable state.
3. When the goods are in the possession of a third party, who is holding them as bailee for the seller.
Conclusion:
- In this case, since the goods have arrived at the destination and Ram has been informed about it, the property in the goods is considered to be transferred to him.
- Therefore, Ram can claim the money for the goods from the supplier in Delhi.
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Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect answer is option 'C'. Can you explain this answer?
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Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect 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 Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect 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 Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect 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 Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect 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 Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?a)No-Ram has not taken the deliveryb)No-Property is not transferred to Ramc)Yes-Property transferred to Ramd)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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