MBAL-105: Legal Aspects in Business – Unit 11
Objectives: explain the meaning of transfer of ownership; describe the significance of transfer of wonership; outline the meaning and types of delivery of goods; and describe the rules regarding delivering of goods and liability of the buyer.
Materials:
The relevant material is available here.
Questions:
- Why is it important to know the exact time when the ownership passes to the buyer?
- State briefly the rules regarding the transfer of ownership from seller tothe buyer.
- What is meant by reservation of the right of disposal in a contract of sale of goods?
- Explain in brief the rules relating to the delivery of goods.
- “Delivery does not amount to acceptance of goods.” Comment.