Understanding Cost Price and Selling Price of Items
Under the Sal...
Question
Under the Sale of Goods Act, 1930, the Seller in a Contract of Sale transfer the ________ in goods to the buyer for a price.
A
possession
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B
control
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C
rights
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D
property
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Solution
The correct option is D property The Seller in a Contract of Sale transfer the property in goods to the buyer for a price, under the Sale of Goods Act. This means goods are exchanged between buyers and sellers because of a price paid by the buyer.