The document discusses the transfer of property or ownership in contracts for the sale of goods under Indian law. It outlines several key sections of the law related to when property passes in different types of contracts, delivery of goods, the rights and obligations of buyers and unpaid sellers, and more. Specifically, it discusses provisions around the passing of property for specific goods, unascertained goods, goods sent on approval, reservation of right of disposal, risk of loss, delivery requirements, installment delivery, rejected goods, the rights of lien, stoppage of goods, and resale for unpaid sellers. It also outlines buyer rights like suing for the price, damages, and interest.

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Presented By
Dr. Niraj C. Chaudahri
Assistant Professor,
BE(E &Tc), MBA (Operation & Supply Chain
Management , Material Management & Marketing
Management ) PhD ( Operation Management )
1
Sanjivani College of Engineering, Kopargaon
Department of MBA
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111 ( Legal & Business Environment )
Transfer of Property or Ownership

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Transfer of Property or Ownership
• Risk of property
• Insolvency
• Damage
• Suit of price

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Passing property In a contract for sale of
specific or ascertained goods
• Intention of the parties, Section 19
• Passing of the property at the time of
contract ,Section 20
• Passing of property in the case of specific
goods where the goods are to be into
deliverable state ,Section 21
• Passing of property in the case of specific
goods when the price is to be ascertained by
weighing etc., Section 22

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Passing property In a contract for sale of
specific or ascertained goods
• Passing of property in the contract for the
sale of unascertained good , section 23
• Passing of the property in goods sent on
approval or ‘on sale or return’ , Section 24
• Reservation of right of disposal , Section 25
• Passing of risk ,Section 26

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Delivery of Goods
• Actual delivery
• Symbolic delivery
• Constructive delivery

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Rules regarding delivery of goods
• Delivery of goods and payment of price are
concurrent conditions ,section 32
• Mode of delivery , section 33
• Effect of part delivery of goods ,section 34
• Buyers to apply for delivery ,section 35
• Place of delivery of goods ,section 36(1)
• Risk of delivery, section 40
• Time of delivery ,section 36 (2) &(4)

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Rules regarding delivery of goods
• Goods in possession of third person or party,
section 36(3)
• Cost of delivery goods ,section 36(5)
• Delivery of wrong quantity, section 37
• Installments delivery of goods , section 38
• Buyer not bound to return rejected goods
,section 43

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Rights of an unpaid seller
• Rights of lien ,section 47
• Right of stoppage of goods in transit, section
50
• Right of resale, section 54

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Rights of an Buyer
• Rights to sue for price, section 55(1)
• Right to sue for damage for non-acceptance
,section 56
• Right to repudiate the contract the contract
before due date, section 60
• Right to sue for interest, section 61