SlideShare uma empresa Scribd logo
1 de 13
18.1 1.1




       TRANSFER OF
       PROPERTY

                Presented by:
                Raja
                Sharad
Presented To:   Shailendra
                Satish
D.K. Panday     Ramayan
                Ravi
18.2 1.2


    TRANSFER OF PROPERTY
   Section 18-25
   What does „property of goods‟ mean?
When  does the property in the goods paas
from the seller to the buyers?
 When does the property pass from seller to the
buyer?
In a sale of goods, the property in them is
transferred to the buyer at such times as the
parties to the contract intend to be transferred.
18.3 1.3


    Rules as Regards
  Ascertaining Intention
       (sec.20-24)
 Specified goods in deliverable state(sec.20)
Goods are said to be in a deliverable state
when they are in such state that the buyers
would under the contract be found to take
delivery of them.
Specific goods not in a
                                               18.4 1.4




  deliverable state (Sec.21)
  Something has to be done by the seller to
   put them in a deliverable state, property
 passes only when such thing is done, and the
           buyer has notice thereof.
 Where there is a contracr for the sale of
specific goods in a deliverable state but seller
is bound to weigh, test or do some other thing
with reference to them, for ascertaining the
price, the property does not pass till such act
or thing is done and the buyer has notice of
it.(sec.22)
18.5 1.5




  Unascertained or future
      goods (sec.23)


      There is a contract for the sale of
unascertained goods, property in the goods in
not transferred to the buyer unless and until
      the goods are ascertained.(sec18)
18.6 1.6




   Sale “On Approval” or
   Sale or Return” basis


Where goods are delivered to the buyer „on
approval‟ or on „Sale or return‟ or similar
 terms, the property passes to the buyer:
18.7 1.7




   Transfer of title by Non-
     owners (sec.27-30)
General rules as to transfer of
title (sec27)
The  general rule is that only the owner of
goods can transfer a good title. No one can give
better title than he himself has. This rule is
expressed by the maxim “Nemo dat quod non
habet,” which mean “that no one can give what
he himself has not.”
18.8 1.8


      Exceptation of the rule
   Sale by mercantile agent.(sec.27)
It as an agent having in the customary course of
business as such agent authority either to sell
goods for the purpose of sale, or to buy goods, or
to raise money on the security of goods.

 Sale by a joint-owner.(sec.28)
Several joint owners of goods has the sole
possession thereof,with the consent of the
others, any purchaser from such person, for
value without notice at the time, of the seller’s
want of authority to sell, acquire a good title
thereof against the other joint owners.
18.9




Sale by a person in possession
under a voidable contract.(sec.29)

A person who has obtained possession of
goods under a contract which is voidable on
the ground of
fraud, misrepersentation, coercion, or undue
influence, can convey a good title, provided
the sale takes place before the voidable
contract is avoided.
18.101.10

Saleby a seller in possession of
goods after sale.(sec.30)


A seller having sold goods, continues in
possession thereof or title to the goods, the
transfer by such person or by a mercantile
agent acting for such person, of the same, by
way of sale will paas a good title to the
transferee, if such latter person has acted in
good faith and without notice of the previous
sale.
18.11


  Sale by buyer in possession of
        goods.(sec.30 (2))

A person having bought or agreed to buy
obtains, with the consent of the
seller, possession of the goods or of the
documents of title to the goods. The delivery
of such person, of the goods or
documents, pledge or other disposition thereof
will be valid and effective, if the person
receiving the same, acted bonafide and
without notice of the seller‟s lien, if any.
18.121.12

Sale by an unpaid seller.(sec.54
              (3))

  An unpaid of goods who has exercised his
 right of the lien or stoppage in transit can,
   even though the ownership in them has
  passed to the buyer, resell the goods and
 convey a valid to another buyer, though no
   notice of re-seller has been given to the
                 original buyer.
18.13

Mais conteúdo relacionado

Mais procurados

Specific Relief Act, 1963
Specific Relief Act, 1963Specific Relief Act, 1963
Specific Relief Act, 1963Giridhar Sai
 
Sale of goods act 1930
Sale of goods act 1930Sale of goods act 1930
Sale of goods act 1930NAVEEN BAID
 
Llb sc u 1.2 guarantee contract
Llb sc u 1.2 guarantee contractLlb sc u 1.2 guarantee contract
Llb sc u 1.2 guarantee contractRai University
 
Mortgage under transfer of property law sec 58
Mortgage under transfer of property law sec 58Mortgage under transfer of property law sec 58
Mortgage under transfer of property law sec 58Abhishek Sharma
 
Meaning and Essentials of Doctrine of Election
Meaning and Essentials of Doctrine of ElectionMeaning and Essentials of Doctrine of Election
Meaning and Essentials of Doctrine of ElectionPratishtha Majumdar
 
Application and relevance of rule against perpetuity
Application and relevance of rule against perpetuityApplication and relevance of rule against perpetuity
Application and relevance of rule against perpetuityAmira Singh
 
Topic 9. Sale of immovable property
Topic 9. Sale of immovable propertyTopic 9. Sale of immovable property
Topic 9. Sale of immovable propertyGagan
 
Order XXI CPC, Attachment of property under Execution Proceedings PPT
Order XXI CPC, Attachment of property under Execution Proceedings PPTOrder XXI CPC, Attachment of property under Execution Proceedings PPT
Order XXI CPC, Attachment of property under Execution Proceedings PPTAMITY UNIVERSITY RAJASTHAN
 
Execution under cpc order 21
Execution under cpc order 21Execution under cpc order 21
Execution under cpc order 21gagan deep
 
Vested and contingent interest ppt
Vested and contingent interest pptVested and contingent interest ppt
Vested and contingent interest pptPriyankaD44
 
Transfer of property act definitions
Transfer of property act definitionsTransfer of property act definitions
Transfer of property act definitionsDr. Vikas Khakare
 
FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE
FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE
FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE Rahul Yadav
 
Contract of agency
Contract of agencyContract of agency
Contract of agencyAjit Kumar
 
O.XXII death marriage and insolvency of parties
O.XXII death marriage and insolvency of partiesO.XXII death marriage and insolvency of parties
O.XXII death marriage and insolvency of partiesAMITY UNIVERSITY RAJASTHAN
 

Mais procurados (20)

Specific Relief Act, 1963
Specific Relief Act, 1963Specific Relief Act, 1963
Specific Relief Act, 1963
 
Bailment
BailmentBailment
Bailment
 
Sale of goods act 1930
Sale of goods act 1930Sale of goods act 1930
Sale of goods act 1930
 
Llb sc u 1.2 guarantee contract
Llb sc u 1.2 guarantee contractLlb sc u 1.2 guarantee contract
Llb sc u 1.2 guarantee contract
 
Summary of Specific relief act
Summary of Specific relief actSummary of Specific relief act
Summary of Specific relief act
 
Mortgage under transfer of property law sec 58
Mortgage under transfer of property law sec 58Mortgage under transfer of property law sec 58
Mortgage under transfer of property law sec 58
 
Meaning and Essentials of Doctrine of Election
Meaning and Essentials of Doctrine of ElectionMeaning and Essentials of Doctrine of Election
Meaning and Essentials of Doctrine of Election
 
Application and relevance of rule against perpetuity
Application and relevance of rule against perpetuityApplication and relevance of rule against perpetuity
Application and relevance of rule against perpetuity
 
Topic 9. Sale of immovable property
Topic 9. Sale of immovable propertyTopic 9. Sale of immovable property
Topic 9. Sale of immovable property
 
Order XXI CPC, Attachment of property under Execution Proceedings PPT
Order XXI CPC, Attachment of property under Execution Proceedings PPTOrder XXI CPC, Attachment of property under Execution Proceedings PPT
Order XXI CPC, Attachment of property under Execution Proceedings PPT
 
Remedies under law of torts
Remedies under law of tortsRemedies under law of torts
Remedies under law of torts
 
Execution under cpc order 21
Execution under cpc order 21Execution under cpc order 21
Execution under cpc order 21
 
Vested and contingent interest ppt
Vested and contingent interest pptVested and contingent interest ppt
Vested and contingent interest ppt
 
Property Law
Property LawProperty Law
Property Law
 
Transfer of property act definitions
Transfer of property act definitionsTransfer of property act definitions
Transfer of property act definitions
 
FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE
FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE
FREEDOM OF TRADE, COMMERCE, AND INTERCOURSE
 
Contract of agency
Contract of agencyContract of agency
Contract of agency
 
O.XXII death marriage and insolvency of parties
O.XXII death marriage and insolvency of partiesO.XXII death marriage and insolvency of parties
O.XXII death marriage and insolvency of parties
 
Void agreements
Void agreements Void agreements
Void agreements
 
Caveat
CaveatCaveat
Caveat
 

Semelhante a Transfer of property

sales of goods act 1930
 sales of goods act 1930 sales of goods act 1930
sales of goods act 1930Ujash Patel
 
Sale of-goods-act-1930 anshul shokeen
Sale of-goods-act-1930 anshul shokeenSale of-goods-act-1930 anshul shokeen
Sale of-goods-act-1930 anshul shokeenanshulshokeen1
 
The Sale of contract of Goods Act,1930
The Sale of contract of Goods Act,1930The Sale of contract of Goods Act,1930
The Sale of contract of Goods Act,1930ReenaRamachandran4
 
Chapter 4 sale of goods act, 1930new.1
Chapter 4 sale of goods act, 1930new.1Chapter 4 sale of goods act, 1930new.1
Chapter 4 sale of goods act, 1930new.1Indrajeet Kamble
 
Sales Of goods Act 1930.pptx
Sales Of goods Act  1930.pptxSales Of goods Act  1930.pptx
Sales Of goods Act 1930.pptxIshaVMundhada1
 
Sale of goods act ppt
Sale of goods  act pptSale of goods  act ppt
Sale of goods act pptReenu Mohan
 
Sales of Goods Act,1930.pptx
Sales of Goods Act,1930.pptxSales of Goods Act,1930.pptx
Sales of Goods Act,1930.pptxmeenakshik38
 
AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.
AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.
AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.Dr.Sangeetha R
 
Sale of goods act, 1930
Sale of goods act, 1930Sale of goods act, 1930
Sale of goods act, 1930Abdul Aleem
 
Contract of sale of goods
Contract of sale of goodsContract of sale of goods
Contract of sale of goodsDIVYANSHU SONI
 
Sale of goods_act_aug-2017
Sale of goods_act_aug-2017Sale of goods_act_aug-2017
Sale of goods_act_aug-2017Peter541
 
Transfer of title and risk of loss
Transfer of title and risk of lossTransfer of title and risk of loss
Transfer of title and risk of lossdeeksha qanoungo
 
AUCTION SALE AND DELIVERY OF GOODS
AUCTION SALE AND DELIVERY OF GOODSAUCTION SALE AND DELIVERY OF GOODS
AUCTION SALE AND DELIVERY OF GOODSArunSuresh58
 
Property Law For Business
Property Law For BusinessProperty Law For Business
Property Law For Businessguest37cbd035
 

Semelhante a Transfer of property (20)

Transfer of property
Transfer of propertyTransfer of property
Transfer of property
 
Transfer of title2
Transfer of title2Transfer of title2
Transfer of title2
 
sales of goods act 1930
 sales of goods act 1930 sales of goods act 1930
sales of goods act 1930
 
Sale of-goods-act-1930 anshul shokeen
Sale of-goods-act-1930 anshul shokeenSale of-goods-act-1930 anshul shokeen
Sale of-goods-act-1930 anshul shokeen
 
The Sale of contract of Goods Act,1930
The Sale of contract of Goods Act,1930The Sale of contract of Goods Act,1930
The Sale of contract of Goods Act,1930
 
Chapter 4 sale of goods act, 1930new.1
Chapter 4 sale of goods act, 1930new.1Chapter 4 sale of goods act, 1930new.1
Chapter 4 sale of goods act, 1930new.1
 
Hsaleofgoodsact
HsaleofgoodsactHsaleofgoodsact
Hsaleofgoodsact
 
Sales Of goods Act 1930.pptx
Sales Of goods Act  1930.pptxSales Of goods Act  1930.pptx
Sales Of goods Act 1930.pptx
 
Sale of goods act ppt
Sale of goods  act pptSale of goods  act ppt
Sale of goods act ppt
 
Sales of Goods Act,1930.pptx
Sales of Goods Act,1930.pptxSales of Goods Act,1930.pptx
Sales of Goods Act,1930.pptx
 
AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.
AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.
AUCTION SALES, RULES OF DELIVERY UNDER SALE OF GOODS ACT.
 
Goods act
Goods actGoods act
Goods act
 
Sale of goods act, 1930
Sale of goods act, 1930Sale of goods act, 1930
Sale of goods act, 1930
 
Contract of sale of goods
Contract of sale of goodsContract of sale of goods
Contract of sale of goods
 
Sale of goods_act_aug-2017
Sale of goods_act_aug-2017Sale of goods_act_aug-2017
Sale of goods_act_aug-2017
 
Transfer of title and risk of loss
Transfer of title and risk of lossTransfer of title and risk of loss
Transfer of title and risk of loss
 
Sales of goods act (1930) anj(1)
Sales of goods act (1930) anj(1)Sales of goods act (1930) anj(1)
Sales of goods act (1930) anj(1)
 
B sale of-goods
B sale of-goodsB sale of-goods
B sale of-goods
 
AUCTION SALE AND DELIVERY OF GOODS
AUCTION SALE AND DELIVERY OF GOODSAUCTION SALE AND DELIVERY OF GOODS
AUCTION SALE AND DELIVERY OF GOODS
 
Property Law For Business
Property Law For BusinessProperty Law For Business
Property Law For Business
 

Último

Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)
Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)
Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)lakshayb543
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxiammrhaywood
 
Keynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designKeynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designMIPLM
 
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...Nguyen Thanh Tu Collection
 
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxBarangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxCarlos105
 
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITYISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITYKayeClaireEstoconing
 
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptxINTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptxHumphrey A Beña
 
Karra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxKarra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxAshokKarra1
 
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATIONTHEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATIONHumphrey A Beña
 
Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Celine George
 
4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptxmary850239
 
Concurrency Control in Database Management system
Concurrency Control in Database Management systemConcurrency Control in Database Management system
Concurrency Control in Database Management systemChristalin Nelson
 
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdfVirtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdfErwinPantujan2
 
4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptx4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptxmary850239
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatYousafMalik24
 
Integumentary System SMP B. Pharm Sem I.ppt
Integumentary System SMP B. Pharm Sem I.pptIntegumentary System SMP B. Pharm Sem I.ppt
Integumentary System SMP B. Pharm Sem I.pptshraddhaparab530
 
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdfInclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdfTechSoup
 
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdfGrade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdfJemuel Francisco
 
Daily Lesson Plan in Mathematics Quarter 4
Daily Lesson Plan in Mathematics Quarter 4Daily Lesson Plan in Mathematics Quarter 4
Daily Lesson Plan in Mathematics Quarter 4JOYLYNSAMANIEGO
 

Último (20)

Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)
Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)
Visit to a blind student's school🧑‍🦯🧑‍🦯(community medicine)
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
 
Keynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designKeynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-design
 
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
HỌC TỐT TIẾNG ANH 11 THEO CHƯƠNG TRÌNH GLOBAL SUCCESS ĐÁP ÁN CHI TIẾT - CẢ NĂ...
 
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxBarangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
 
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITYISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
 
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptxINTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
 
Karra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxKarra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptx
 
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATIONTHEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
 
YOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptx
YOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptxYOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptx
YOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptx
 
Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17
 
4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx
 
Concurrency Control in Database Management system
Concurrency Control in Database Management systemConcurrency Control in Database Management system
Concurrency Control in Database Management system
 
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdfVirtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
 
4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptx4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptx
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
 
Integumentary System SMP B. Pharm Sem I.ppt
Integumentary System SMP B. Pharm Sem I.pptIntegumentary System SMP B. Pharm Sem I.ppt
Integumentary System SMP B. Pharm Sem I.ppt
 
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdfInclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
 
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdfGrade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
 
Daily Lesson Plan in Mathematics Quarter 4
Daily Lesson Plan in Mathematics Quarter 4Daily Lesson Plan in Mathematics Quarter 4
Daily Lesson Plan in Mathematics Quarter 4
 

Transfer of property

  • 1. 18.1 1.1 TRANSFER OF PROPERTY Presented by: Raja Sharad Presented To: Shailendra Satish D.K. Panday Ramayan Ravi
  • 2. 18.2 1.2 TRANSFER OF PROPERTY  Section 18-25  What does „property of goods‟ mean? When does the property in the goods paas from the seller to the buyers?  When does the property pass from seller to the buyer? In a sale of goods, the property in them is transferred to the buyer at such times as the parties to the contract intend to be transferred.
  • 3. 18.3 1.3 Rules as Regards Ascertaining Intention (sec.20-24)  Specified goods in deliverable state(sec.20) Goods are said to be in a deliverable state when they are in such state that the buyers would under the contract be found to take delivery of them.
  • 4. Specific goods not in a 18.4 1.4 deliverable state (Sec.21) Something has to be done by the seller to put them in a deliverable state, property passes only when such thing is done, and the buyer has notice thereof. Where there is a contracr for the sale of specific goods in a deliverable state but seller is bound to weigh, test or do some other thing with reference to them, for ascertaining the price, the property does not pass till such act or thing is done and the buyer has notice of it.(sec.22)
  • 5. 18.5 1.5 Unascertained or future goods (sec.23) There is a contract for the sale of unascertained goods, property in the goods in not transferred to the buyer unless and until the goods are ascertained.(sec18)
  • 6. 18.6 1.6 Sale “On Approval” or Sale or Return” basis Where goods are delivered to the buyer „on approval‟ or on „Sale or return‟ or similar terms, the property passes to the buyer:
  • 7. 18.7 1.7 Transfer of title by Non- owners (sec.27-30) General rules as to transfer of title (sec27) The general rule is that only the owner of goods can transfer a good title. No one can give better title than he himself has. This rule is expressed by the maxim “Nemo dat quod non habet,” which mean “that no one can give what he himself has not.”
  • 8. 18.8 1.8 Exceptation of the rule  Sale by mercantile agent.(sec.27) It as an agent having in the customary course of business as such agent authority either to sell goods for the purpose of sale, or to buy goods, or to raise money on the security of goods.  Sale by a joint-owner.(sec.28) Several joint owners of goods has the sole possession thereof,with the consent of the others, any purchaser from such person, for value without notice at the time, of the seller’s want of authority to sell, acquire a good title thereof against the other joint owners.
  • 9. 18.9 Sale by a person in possession under a voidable contract.(sec.29) A person who has obtained possession of goods under a contract which is voidable on the ground of fraud, misrepersentation, coercion, or undue influence, can convey a good title, provided the sale takes place before the voidable contract is avoided.
  • 10. 18.101.10 Saleby a seller in possession of goods after sale.(sec.30) A seller having sold goods, continues in possession thereof or title to the goods, the transfer by such person or by a mercantile agent acting for such person, of the same, by way of sale will paas a good title to the transferee, if such latter person has acted in good faith and without notice of the previous sale.
  • 11. 18.11 Sale by buyer in possession of goods.(sec.30 (2)) A person having bought or agreed to buy obtains, with the consent of the seller, possession of the goods or of the documents of title to the goods. The delivery of such person, of the goods or documents, pledge or other disposition thereof will be valid and effective, if the person receiving the same, acted bonafide and without notice of the seller‟s lien, if any.
  • 12. 18.121.12 Sale by an unpaid seller.(sec.54 (3)) An unpaid of goods who has exercised his right of the lien or stoppage in transit can, even though the ownership in them has passed to the buyer, resell the goods and convey a valid to another buyer, though no notice of re-seller has been given to the original buyer.
  • 13. 18.13