New Cracking SEBI General in 60 Days - Possible or Not?
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Question

Where there is an unconditional contract for the sale of specific goods in a deliverable state, the property in the goods passes to the buyer

A When the contract is made Correct Answer Incorrect Answer
B When the goods are delivered Correct Answer Incorrect Answer
C When the payment is done Correct Answer Incorrect Answer
D When the time of payment is fixed Correct Answer Incorrect Answer
E When contract is made and goods are delivered Correct Answer Incorrect Answer

Solution

Section 20 of Sale of Goods Act Specific goods in a deliverable state.— Where there is an unconditional contract for the sale of specific goods in a deliverable state, the property in the goods passes to the buyer when the contract is made, and it is immaterial whether the time of payment of the price or the time of delivery of the goods, or both, is postponed.

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