B Com Exam > B Com Videos > Business Law > Transfer of property in goods - The Sale of Goods Act(1930) , Business Law
Transfer of property in goods - The Sale of Goods Act(1930) , Business Law Video Lecture | Business Law - B Com
|
33 videos|59 docs|18 tests
|
FAQs on Transfer of property in goods - The Sale of Goods Act(1930) , Business Law Video Lecture - Business Law - B Com
| 1. What is the Sale of Goods Act (1930) and how does it relate to the transfer of property in goods? |  |
Ans. The Sale of Goods Act (1930) is an important legislation that governs the sale and purchase of goods in India. It defines the rules and regulations regarding the transfer of property in goods from the seller to the buyer. According to the Act, property in goods is transferred from the seller to the buyer when the parties intend it to be transferred.
| 2. What are the different modes of transfer of property in goods under the Sale of Goods Act? | |
Ans. The Sale of Goods Act recognizes three modes of transfer of property in goods:
1. Transfer of ownership or property by agreement: Property in goods can be transferred from the seller to the buyer by mutual agreement.
2. Transfer of property by delivery: Property in goods can be transferred by actual or symbolic delivery of the goods.
3. Transfer of property by transfer of documents of title: Property in goods can be transferred through the transfer of documents of title, such as bills of lading or warehouse receipts.
| 3. What are the conditions for the transfer of property in goods by agreement under the Sale of Goods Act? | |
Ans. For the transfer of property in goods by agreement, the following conditions must be satisfied:
1. There must be an agreement between the seller and the buyer.
2. The agreement must relate to specific goods.
3. The property in the goods must be intended to be transferred.
| 4. Can property in goods be transferred without the actual delivery of goods under the Sale of Goods Act? | |
Ans. Yes, property in goods can be transferred without the actual delivery of goods under certain circumstances. Symbolic delivery or delivery by attornment is recognized under the Sale of Goods Act. For example, if the goods are already in the possession of the buyer as a bailee or if the goods are in the possession of a third party with the consent of the seller and the buyer, property in goods can be transferred without actual physical delivery.
| 5. What is the significance of the transfer of property in goods under the Sale of Goods Act? | |
Ans. The transfer of property in goods is significant as it determines the rights and liabilities of the buyer and the seller. Once the property is transferred, the buyer becomes the owner of the goods, and he/she assumes the risk associated with the goods. The transfer of property also enables the buyer to sue the seller in case of any breach of contract. Additionally, it is crucial for determining the passing of title in insolvency or bankruptcy cases.
Related Exams
About this Video
|
1.2K Views |
|
4.89/5 Rating |
|
Nov 08, 2024 Last updated |
Video Description: Transfer of property in goods - The Sale of Goods Act(1930) , Business Law for B Com 2024 is part of Business Law preparation.
The notes and questions for Transfer of property in goods - The Sale of Goods Act(1930) , Business Law have been prepared according to the B Com exam syllabus.
Information about Transfer of property in goods - The Sale of Goods Act(1930) , Business Law covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Transfer of property in goods - The Sale of Goods Act(1930) , Business Law.
Introduction of Transfer of property in goods - The Sale of Goods Act(1930) , Business Law in English is available as part of our Business Law for B Com & Transfer of property in goods - The Sale of Goods Act(1930) , Business Law in
Hindi for Business Law course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Transfer of property in goods - The Sale of Goods Act(1930) , Business Law Video Lecture | Business Law - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Business Law.
Information about Transfer of property in goods - The Sale of Goods Act(1930) , Business Law
Here you can find the meaning of Transfer of property in goods - The Sale of Goods Act(1930) , Business Law defined & explained in the simplest way possible.
Besides explaining types of Transfer of property in goods - The Sale of Goods Act(1930) , Business Law theory, EduRev gives you an ample number of questions to practice Transfer of property in goods - The Sale of Goods Act(1930) , Business Law tests,
examples and also practice B Com tests.
|
33 videos|59 docs|18 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Transfer of property in goods - The Sale of Goods Act(1930)
,ppt
,Important questions
,video lectures
,Exam
,Semester Notes
,Business Law Video Lecture | Business Law - B Com
,Business Law Video Lecture | Business Law - B Com
,Viva Questions
,Business Law Video Lecture | Business Law - B Com
,Free
,MCQs
,mock tests for examination
,Extra Questions
,study material
,past year papers
,Previous Year Questions with Solutions
,Sample Paper
,Transfer of property in goods - The Sale of Goods Act(1930)
,Objective type Questions
,practice quizzes
,Transfer of property in goods - The Sale of Goods Act(1930)
,shortcuts and tricks
,Summary
;
Study Transfer of property in goods - The Sale of Goods Act(1930) , Business Law on the App
Students of B Com can study Transfer of property in goods - The Sale of Goods Act(1930) , Business Law alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Transfer of property in goods - The Sale of Goods Act(1930) , Business Law,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Transfer of property in goods - The Sale of Goods Act(1930) , Business Law is prepared as per the latest B Com syllabus.
|
© 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