CA Foundation Exam > CA Foundation Questions > If a seller handed over the keys of a warehou...
Start Learning for Free
If a seller handed over the keys of a warehouse containing the goods to the buyer, it results in
- a)constructive delivery
- b)actual delivery
- c)symbolic delivery
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
If a seller handed over the keys of a warehouse containing the goods t...
Symbolic Delivery:
Symbolic delivery refers to the act of handing over something that represents the actual delivery of goods. In this case, when the seller hands over the keys of a warehouse containing the goods to the buyer, it is considered as symbolic delivery.
Explanation:
- When the keys of a warehouse containing goods are handed over to the buyer, it signifies that the buyer now has control and possession over the goods stored in the warehouse.
- The keys act as a symbol of transfer of ownership, even though the physical transfer of goods may not have taken place yet.
- Symbolic delivery is recognized as a valid form of delivery in certain situations, especially in cases where physical transfer of goods is not practical or feasible.
- It is important to note that symbolic delivery is legally recognized and can be used to establish the transfer of ownership from the seller to the buyer.
- In this scenario, the act of handing over the keys of the warehouse to the buyer represents symbolic delivery, signifying that the buyer now has the rights and responsibilities associated with the goods stored in the warehouse.
Therefore, in the given situation, when the seller hands over the keys of the warehouse to the buyer, it results in symbolic delivery.
Symbolic delivery refers to the act of handing over something that represents the actual delivery of goods. In this case, when the seller hands over the keys of a warehouse containing the goods to the buyer, it is considered as symbolic delivery.
Explanation:
- When the keys of a warehouse containing goods are handed over to the buyer, it signifies that the buyer now has control and possession over the goods stored in the warehouse.
- The keys act as a symbol of transfer of ownership, even though the physical transfer of goods may not have taken place yet.
- Symbolic delivery is recognized as a valid form of delivery in certain situations, especially in cases where physical transfer of goods is not practical or feasible.
- It is important to note that symbolic delivery is legally recognized and can be used to establish the transfer of ownership from the seller to the buyer.
- In this scenario, the act of handing over the keys of the warehouse to the buyer represents symbolic delivery, signifying that the buyer now has the rights and responsibilities associated with the goods stored in the warehouse.
Therefore, in the given situation, when the seller hands over the keys of the warehouse to the buyer, it results in symbolic delivery.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)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 If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)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 If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)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 If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)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 If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a seller handed over the keys of a warehouse containing the goods to the buyer, it results ina)constructive deliveryb)actual deliveryc)symbolic deliveryd)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup