In case of an agreement to sell, ownership to goods remains with _________.
A
the buyer
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B
the seller
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C
both the buyer and the seller
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D
none of the above.
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Solution
The correct option is D the seller Agreement to Sale o Transfer of ownership of goods is to take place at a future time or subject to fulfillment of some condition. o It is an executory contract because something remains to be done o Buyer does not get such right to enjoy the goods o Transfer of risk of loss of goods does not take place because ownership is not transferred. As a result, in case of destruction of goods, the loss shall be borne by the seller even though the goods are in the possession of the buyer.