New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    When is the risk in goods deemed to have passed from

    the seller to the buyer in a sale of goods?
    A At the time of the contract Correct Answer Incorrect Answer
    B At the time of delivery Correct Answer Incorrect Answer
    C At the time of payment Correct Answer Incorrect Answer
    D At the time of inspection Correct Answer Incorrect Answer

    Solution

    Explanation: According to Section 26 of the Sale of Goods Act, unless otherwise agreed upon by the parties, the risk in goods passes to the buyer when the goods are delivered to the buyer or the carrier for transmission to the buyer.

    Practice Next