Question 3 OR (a) part i
Time of passing of ownership
3 marks
- Time to write
- About 6 minutes
From an older CBCS paper
Question
Question 3 OR (a) part i · 3 marks- Why does it matter to determine the time in which ownership will pass?
Reworded from the university paper; the task is the same. The original paper belongs to the University of Delhi. See DU's question bank.
Before you write
Read off the question and its marks
What the paper leaves open
Marked as one question of 9 marks; answered here in 3 parts of 3 marks each (marks inferred).
Write it in this order
- 1 (i) Importance of the time 3 marks 6 min
Try it first. About 6 minutes for 3 marks. Write it out, then open the solution.
Solution
Hover or tap a marked figure, like 72,000, to see how it is made and where else it appears.
(i) Importance of the time at which ownership passes. It settles three practical questions between seller and buyer:
- What the unpaid seller can sue for: the price itself only once ownership has passed; before that, damages for the breach.
- Who may sue a wrongdoer: if a third person damages the goods, the right of action belongs to whoever owns them then.
- Who bears an accidental loss: unless otherwise agreed, risk goes with ownership, so the owner at the time of the loss bears it, whether or not the goods have been delivered.
Where the 3 marks sit
| # | Component | Marks |
|---|---|---|
| 1 | (i) Importance of the time | 3 |
| Total | 3 |
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