Basic query in law
pranav samant
(Querist) 01 October 2013
This query is : Resolved
Q1)X ltd. Entered into a contract with Y ltd. To dispatch goods valuing Rs 1 lakh every month for six months upon receipt of entire payment. Y ltd accordingly made the payment.In the third month due to a natural calamity,Y ltd. Requested X ltd not to dispatch until further notice.
In the the above context:
Q1) Whether seller has transferred property in goods to Buyer?
Q2) Whether Seller has also transferred risks and rewards of ownership to buyer?
I will be very much thankful to you.
R.K Nanda
(Expert) 01 October 2013
academic query.