business law answer 2 case study

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Business law anwer 3

  QUESTION 3 : “In a contract of Sale of Goods, “Risk prima facie passes with property”. Comment... MARCH 20, 2021 QUESTION 3 :  “In a contract of Sale of Goods, “Risk prima facie passes with property”. Comment.  A sold goods to B on 15 th  February 2021 on 30 days credit. B does not pay on the  scheduled date. A however extends the period of credit to 30th March 2021. What  rights A has against B .Will the answer be different if A does not extend the period of  credit. In the light of the above bring out the difference between Right of Lien and  Right of Stoppage of goods in-transit. Answer : Section 26 of the Sale of Goods Act, 1930 states the goods are the owner’s risk if the property in them has not been transferred to the buyer. But if the property has been transferred to the buyer then the goods are buyer’s risk. This provision is applicable if no specific provision has been signed by the parties to the contract in their contract regarding this. This rule is applicable irrespecti
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