Question Tag: Passing of Property

• In a contract for the sale of unascertained goods, property passes when the goods are ascertained.
• Property in goods passes when the parties intend it to pass.
• Property in goods passes when the goods are delivered to the buyer.
• Where goods are delivered to the buyer on approval, or on sale or return or other similar terms, the property in the goods passes to the buyer when he signifies his approval or acceptance to the seller, or any other act adopting the transaction.
• When the buyer keeps goods sold on approval, or on sale or other similar terms, the property in it then passes when the buyer retains the goods without giving notice of rejection.
• If a time has been fixed for the return of the goods, on the expiration of such time, or after a reasonable time, property passes.

[Any 5 points at 1 mark each for a total of 5 marks]