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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

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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