Sale of Goods Act

Accountancy

Risk prima facie passes with ownership. Explain. The person who owns the goods will be the person who'll be held responsible for the losses/damages suffered, in the case where the goods are transferred to the buyer- he would be responsible for for the same. Right?

Nidhi S

CA Inter

★ 4K+

31-May-23 22:57

511

Answers (4)

Rish and cause will follow the ownership The person who have to the ownership of goods they can transfer.... However there are some exceptions to that Like joint owners, mercantile agents and so on.... Your explanation is crt

Balachandar S

CA Inter

★ 59K+

31-May-23 23:05

You're 👍 right

Balachandar S

CA Inter

★ 59K+

31-May-23 23:05

Risk is borne by the one who owns the goods/assets.

CA Suraj Lakhotia

Admin

01-Jun-23 21:47

Risk follows Ownership But always this statement is not correct it is having some exceptions Incase of default done by party irrespective of ownership the defaulted party is liable

Modugula Narasimha Chowdary

CA Inter

★ 210

02-Jun-23 08:46