The keys of a ware house where goods are stored is handed over to the ...
Symbolic delivery refers to delivery of goods by way of gift or sale, when it is either inaccessible or cumbersome. Goods under symbolic delivery are offered through substitute article that indicates the donative's intent of the donor or seller and is accepted as the representative of the original item.
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The keys of a ware house where goods are stored is handed over to the ...
Symbolic delivery is a type of delivery where the keys or other symbolic items representing the goods are delivered to the buyer instead of the actual goods themselves. This type of delivery is often used in situations where the goods are too large or difficult to move or where the buyer does not have immediate access to the goods.
Explanation:
Symbolic delivery is a legal concept in contract law that allows for the transfer of ownership of goods without actually physically delivering the goods themselves. Instead, the seller delivers some sort of symbolic item that represents the goods, such as keys, documents, or certificates of ownership. The buyer then takes possession of this symbolic item and is considered the legal owner of the goods.
Symbolic delivery is often used in situations where the goods are too large or difficult to move or where the buyer does not have immediate access to the goods. For example, if a buyer purchases a large piece of machinery that is located in a remote location, it may be impractical to physically move the machinery to the buyer's location. In this case, the seller may deliver the keys to the machinery to the buyer, who can then take possession of the machinery at a later time.
Symbolic delivery can also be used in situations where the goods are in the possession of a third party, such as a warehouse or a shipping company. In these cases, the seller may deliver the keys or other symbolic items to the buyer, who can then take possession of the goods from the third party.
Overall, symbolic delivery is a useful legal concept that allows for the transfer of ownership of goods without the need for physical delivery. This can be particularly helpful in situations where the goods are difficult to move or where immediate possession is not possible.
The keys of a ware house where goods are stored is handed over to the ...
Because here the seller is giving the keys of ware house not the actual ware house.
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