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In case of sale of standing trees, the property passes to the buyer when trees are:
- a)Felled and ascertained
- b)Not felled but earmarked
- c)Counted and ascertained
- d)Both (b) and (c)
Correct answer is option 'A'. Can you explain this answer?
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In case of sale of standing trees, the property passes to the buyer wh...
Explanation:
When standing trees are sold, the ownership of the trees passes from the seller to the buyer at a specific point in time. This point in time is determined by the terms of the sale agreement, which will usually specify one of the following options:
Felled and ascertained: In this case, the trees are considered to be the property of the buyer as soon as they are felled and identified. This means that the seller retains ownership of the trees until they are cut down, but once they are felled, they become the property of the buyer.
Not felled but earmarked: In this case, the trees are considered to be the property of the buyer as soon as they are identified and marked for future felling. This means that the seller retains ownership of the trees until they are cut down, but once they are marked for felling, they become the property of the buyer.
Counted and ascertained: In this case, the trees are considered to be the property of the buyer as soon as they are counted and identified. This means that the seller retains ownership of the trees until they are cut down, but once they are identified and counted, they become the property of the buyer.
Out of these three options, the correct answer to the question is (a) felled and ascertained. This is because once the trees have been cut down and identified, they are no longer part of the land and are therefore considered to be a separate piece of property. As soon as the trees are felled and identified, the ownership of the trees passes from the seller to the buyer.
When standing trees are sold, the ownership of the trees passes from the seller to the buyer at a specific point in time. This point in time is determined by the terms of the sale agreement, which will usually specify one of the following options:
Felled and ascertained: In this case, the trees are considered to be the property of the buyer as soon as they are felled and identified. This means that the seller retains ownership of the trees until they are cut down, but once they are felled, they become the property of the buyer.
Not felled but earmarked: In this case, the trees are considered to be the property of the buyer as soon as they are identified and marked for future felling. This means that the seller retains ownership of the trees until they are cut down, but once they are marked for felling, they become the property of the buyer.
Counted and ascertained: In this case, the trees are considered to be the property of the buyer as soon as they are counted and identified. This means that the seller retains ownership of the trees until they are cut down, but once they are identified and counted, they become the property of the buyer.
Out of these three options, the correct answer to the question is (a) felled and ascertained. This is because once the trees have been cut down and identified, they are no longer part of the land and are therefore considered to be a separate piece of property. As soon as the trees are felled and identified, the ownership of the trees passes from the seller to the buyer.
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In case of sale of standing trees, the property passes to the buyer wh...
Property means ownership
so as per the question when tress are felled and ascertained from lot and ready to bound for delivery
this is why option A is correct
so as per the question when tress are felled and ascertained from lot and ready to bound for delivery
this is why option A is correct
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In case of sale of standing trees, the property passes to the buyer when trees are:a)Felled and ascertainedb)Not felled but earmarkedc)Counted and ascertainedd)Both (b) and (c)Correct answer is option 'A'. Can you explain this answer?
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