Sale of Goods Act ( SOGA) Revision CA Foundation Law | Unit 3 | CA Indresh Gandhi
Ultimate CA・2 minutes read
The speaker covers various topics related to the transfer of property in a contract of sale, emphasizing rules and conditions for property transfer from seller to buyer. Specific goods must be in a deliverable state, and property transfer hinges on conditions like full payment and buyer acceptance.
Insights
- The rules for transferring property from seller to buyer in a contract of sale are detailed, emphasizing the importance of specific goods in a deliverable state and the seller's prompt action to ensure property transfer occurs without delay.
- The passing of property in a sale is contingent on conditions like full payment being met, with concepts like the Right of Disposal granting the buyer power over the goods upon securing the price, while emphasizing the need for certainty in goods description before property transfer can happen.
Get key ideas from YouTube videos. It’s free
Recent questions
What is the importance of daily revision at home?
For effective learning, daily revision at home is crucial.
How does property transfer occur in a contract of sale?
Property transfer in a contract of sale occurs when specific goods are in a deliverable state.
What is the significance of the Right of Disposal in a sale?
The Right of Disposal gives the buyer the power to destroy the goods.
What are the conditions for a valid sale by a Mercantile Agent?
A valid sale by a Mercantile Agent requires possession of goods, permission, and good faith from the buyer.
How does the buyer's acceptance of goods affect property transfer?
Property transfer occurs when the buyer accepts the goods by performing an action like wearing the purchased item.
Related videos
University of Virginia School of Law
Inside the Classroom: Contracts With Professor George Geis
PrepAgent
Real Estate Test Prep Webinar - Mortgage vs Trust Deed
CA Hardik Manchanda
CA Foundation Economics Marathon - Theory of Supply | CA Foundation Dec 2023 | CA Hardik Manchanda
PrepAgent
Free Premium Webinar: Real Estate Terms & Vocabulary
Travis Everette
Prelicensing Chapter 1 Basic Intro to Real Estate