Transfer of property: ownership of specific deliverable goods passes to the buyer when contract is made, despite deferred payment or delivery. Where an unconditional contract exists for the sale of specific goods in a deliverable state, property in those goods passes to the buyer when the contract is made, regardless of any postponement of payment, delivery, or both.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of property: ownership of specific deliverable goods passes to the buyer when contract is made, despite deferred payment or delivery.
Where an unconditional contract exists for the sale of specific goods in a deliverable state, property in those goods passes to the buyer when the contract is made, regardless of any postponement of payment, delivery, or both.
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