In sale the position of a buyer is that of :a)Owner of the goodsb)Bail...
**Explanation:**
In the context of a sale, the position of a buyer is that of the owner of the goods. This means that once the buyer pays for the goods and takes possession of them, they become the legal owner of the goods.
**Ownership of Goods:**
- When a buyer purchases goods from a seller, ownership of the goods is transferred from the seller to the buyer.
- This transfer of ownership is a fundamental aspect of a sale transaction.
- Once the buyer becomes the owner of the goods, they have the right to use, sell, or dispose of the goods as they see fit.
**Rights and Responsibilities of the Owner:**
- As the owner of the goods, the buyer has certain rights and responsibilities.
- The buyer has the right to possess and use the goods for their own purposes.
- They also have the right to transfer ownership of the goods to another party through a subsequent sale.
- Additionally, the buyer is responsible for the care and maintenance of the goods to ensure their proper functioning and longevity.
**Distinction from Other Positions:**
a) **Owner of the Goods:**
- The buyer is the owner of the goods once the sale is completed.
- This means that they have full legal ownership and control over the goods.
- They can use, sell, or dispose of the goods as they see fit.
b) **Bailee of the Goods:**
- A bailee is a person who temporarily possesses goods belonging to someone else.
- In a sale transaction, the buyer does not act as a bailee but becomes the owner of the goods.
c) **Hire:**
- Hiring refers to the temporary use of goods or services in exchange for a fee.
- In a sale transaction, the buyer does not hire the goods but becomes the owner of them.
d) **None of the Above:**
- This option is incorrect as the correct position of a buyer in a sale transaction is that of the owner of the goods.
In conclusion, the correct answer is option 'A' as the buyer in a sale transaction becomes the owner of the goods. They have full legal ownership and control over the goods, and can use, sell, or dispose of them as they see fit.
In sale the position of a buyer is that of :a)Owner of the goodsb)Bail...
- In a sale, the buyer becomes the owner of the goods once the transaction is complete.
- Ownership implies the transfer of title and all associated rights from the seller to the buyer.
- This contrasts with a bailee, who temporarily holds goods without ownership, and a hirer, who uses goods for a specific period without owning them.
- Thus, the position of a buyer in a sale is fundamentally that of an owner, not merely a temporary custodian or user.