Multiple choice

The principal object of a contract of sale is transfer of property in goods from the seller to the buyer. The property in goods means the ownership of goods

  1. True

  2. False

  3. Partly true

  4. Cannot say
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Property in goods means legal ownership, not just possession. The principal purpose of a sale contract is transferring this ownership from seller to buyer. 'Property' is a legal term of art referring to the bundle of rights that comes with ownership.

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