Under Sections 18 and 19 of the Sale of Goods Act, 1930, where there is a contract for the sale of specific goods in a deliverable state, the property in the goods passes to the buyer:

Section 18 of the Sale of Goods Act, 1930, read with Section 19, provides that where there is a contract for the sale of specific or ascertained 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 or the time of delivery, or both, are postponed. Risk follows property under Section 26. Actual delivery and full payment are, therefore, not preconditions to the transfer of property, unless the parties show a contrary intention under Section 19. The rule applies whenever the goods are specific and in a condition in which the buyer is bound to take delivery. Inspection, payment of the price or a written deed do not control the passing of property in the default position.