Multiple choice

In case of a sale the position of a buyer is that of

  1. owner of the goods

  2. bailee of the goods

  3. hirer of the goods

  4. none of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In a sale, ownership transfers from seller to buyer immediately. The buyer becomes the legal owner of the goods with all rights of ownership. This distinguishes sale from other transactions like bailment where ownership does not transfer.