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Which of the following modes of delivery of goods is considered effective for a valid contract of sale?
- a)Actual Delivery
- b)Symbolic Delivery
- c)Constructive Delivery
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
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Which of the following modes of delivery of goods is considered effect...
Modes of Delivery of Goods in a Valid Contract of Sale
There are three modes of delivery of goods that are considered effective for a valid contract of sale. These are:
1. Actual Delivery: This mode of delivery involves the physical transfer of goods from the seller to the buyer. The buyer takes possession of the goods and assumes the risk of loss or damage to the goods from that point forward.
2. Symbolic Delivery: Symbolic delivery involves the delivery of something that represents the goods being sold. For example, if the goods being sold are stored in a warehouse, the seller may hand over the keys to the warehouse to the buyer, which represents the transfer of ownership of the goods.
3. Constructive Delivery: This mode of delivery involves the transfer of documents that represent the goods being sold. For example, if the goods being sold are stored in a warehouse, the seller may transfer the warehouse receipts to the buyer, which represent the ownership of the goods.
All of these modes of delivery are considered effective for a valid contract of sale. However, it is important to note that the specific mode of delivery should be agreed upon by both the buyer and the seller and should be clearly stated in the contract of sale.
Conclusion
In conclusion, the modes of delivery of goods in a valid contract of sale include actual delivery, symbolic delivery, and constructive delivery. These modes of delivery should be agreed upon by both the buyer and the seller and should be clearly stated in the contract of sale.
There are three modes of delivery of goods that are considered effective for a valid contract of sale. These are:
1. Actual Delivery: This mode of delivery involves the physical transfer of goods from the seller to the buyer. The buyer takes possession of the goods and assumes the risk of loss or damage to the goods from that point forward.
2. Symbolic Delivery: Symbolic delivery involves the delivery of something that represents the goods being sold. For example, if the goods being sold are stored in a warehouse, the seller may hand over the keys to the warehouse to the buyer, which represents the transfer of ownership of the goods.
3. Constructive Delivery: This mode of delivery involves the transfer of documents that represent the goods being sold. For example, if the goods being sold are stored in a warehouse, the seller may transfer the warehouse receipts to the buyer, which represent the ownership of the goods.
All of these modes of delivery are considered effective for a valid contract of sale. However, it is important to note that the specific mode of delivery should be agreed upon by both the buyer and the seller and should be clearly stated in the contract of sale.
Conclusion
In conclusion, the modes of delivery of goods in a valid contract of sale include actual delivery, symbolic delivery, and constructive delivery. These modes of delivery should be agreed upon by both the buyer and the seller and should be clearly stated in the contract of sale.
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Which of the following modes of delivery of goods is considered effective for a valid contract of sale?a)Actual Deliveryb)Symbolic Deliveryc)Constructive Deliveryd)All of theseCorrect answer is option 'D'. Can you explain this answer?
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