Page 169 - DMGT102_MERCANTILE_LAWS_I

Gopika Juneja, Lovely Professional University
Unit 13: Transfer of Ownership

Unit 13: Transfer of Ownership Notes

CONTENTS

Objectives
Introduction
13.1 Transfer of Title by Non-owners
13.2 Performance of a Contract of Sale of Goods
13.2.1 Duties of the Seller and the Buyer

13.2.2 Delivery
13.2.3 Passing of Property in Goods in the Case of Foreign Trade
13.3 Unpaid Seller and his Rights
13.3.1 Who is an Unpaid Seller?

13.3.2 Rights of an Unpaid Seller
13.3.3 Lien on Goods (Secs. 47-49)
13.3.4 Right of Stoppage in Transit
13.3.5 Right of Resale (Sec.54)
13.4 Remedies for Breach of a Contract

13.4.1 Suit for Price (Sec.55)
13.4.2 Suit for Damages for Non-acceptance (Sec.56)
13.4.3 Suit for Interest (Sec.61)
13.4.4 Buyer’s Remedies against Seller

13.5 Sale by Auction (Sec.64)
13.6 Summary
13.7 Keywords
13.8 Self Assessment
13.9 Review Questions
13.10 Further Readings

Objectives

After studying this unit, you will be able to:
z Explain transfer of title by non-owners and unpaid seller
z Discuss remedies of breach of contract

Introduction

In last unit you have studied about law of sales of goods. Indian business persons, conducting

their business against the backdrop of the Sale of Goods Act, have not found it difficult to work
out the several varieties of contracts of sale of goods as resorted to in national and transnational

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