What are the rules for Passing of Property

Question

What are the rules for Passing of Property?

Answer 1

1. Unconditional contract for sale of specific goods in deliverable state. The contract is made, irrespective of when delivery or payment takes place.

2. Contract for sale of specific goods where seller has to do something to put goods into deliverable state. Such thing is done, and buyer receives notice.

3. Contract for sale of specific goods in deliverable state where seller has to weigh, measure, test, or do something else to ascertain price. Such thing is done, and buyer receives notice.

4. Contract where goods are delivered to buyer on approval. Buyer gives approval or acceptance. If buyer does not give approval or acceptance but retains goods without notice of rejection, ownership passes when the time fixed for return of goods expires or, if no time was fixed, on expiration of a reasonable time.

5. Contract for sale of unascertained or future goods by description. Goods of that description in deliverable state are unconditionally appropriated to the contract, either by seller with assent of buyer or by buyer with assent of seller.