Question

In case of _________, ownership of the goods goes to buyer.

• A. consignment
• B. sale
• C. bailment
• D. all of the above

Answer 1

The correct option is B sale

• A consignment is a special type.of slae in which the consignee sells goods sent on consignment on behalf of the consignor.
• A sale is an exchange of goods or services between the owner (seller) and the buyer for money.
• A bailment is a legal contract where in there is transfer of physical property from one party to another for a particular purpose.
• Thus, from the above, we can interpret that only in the case of sale, the ownership of the goods goes to the buyer. In all other cases, mere possession is transferred and ownership still lies with the seller.