Transfer of ownership means the transfer of property rights in goods from the seller to the buyer, which constitutes ownership for the buyer. A contract of sale involves the transfer of ownership or property rights in the goods, which is the main objective. There are two types of goods - ascertained goods, which are specifically identified in the contract, and unascertained goods, which are not specifically identified at the time of contract. For ascertained goods, ownership passes at the time intended by the parties. For unascertained goods, they must be identified and unconditionally set aside for the buyer or seller with consent of the other party for ownership to pass. The rules for when ownership passes depends on whether the goods are in

1. TRANSFER
OF
OWNERSHIP
Name-kulsoom
Bba 2nd sem
3107

2. WHAT IS TRANSFER OF
OWNERSHIP

3. TRANSFER
OF
OWNERSHI
P
• Transfer of ownership means the transfer of
property of the goods from the seller to the
buyer which constitutes an ownership in the
buyer
• A contract of sale of goods involve Transfer of
ownership or property in goods and it is the
main object of making a contract of sale

4. • Ascertained goods are those goods which are identified in
accordance with the agreement after the contract of sale is
made
• Unascertained goods are those goods which are not
specifically identified or ascertained at the time making of
contract

5. THE TIME
WHEN
PROPERTY
PASSES
• 💁In case of ascertained goods - the property
in them Is transferred to the buyer at such
time as the parties to the contract intend it to
be transferred
• 💁In case of unascertained goods-the goods
must have been ascertained
• 1The goods must have been unconditionally
appropriated by the seller or the buyer with
the consent of the other

6. RULES AS
REGARDS
PASSING
OF
PROPERT
Y
• 👉specific goods in deliverable state
• 1The contract of sale must be unconditional
• 2 it must relate to specific goods
• 3 the goods be in deliverable state
• 👉 specific goods not in a deliverable state
• 1 the property does not pass until such things
is done and the buyer has notice there of
• 2 this rule provides that the property in goods
will not pass unless 'something' is done in
order to put the goods in a deliverable state