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CSEET · Business Laws and Management · Elements of Law relating to Sale of Goods

Match the following. Column I: (A) Sale (B) Agreement to sell (C) Unpaid seller's lien (D) Seller in possession after sale. Column II: (1) Right to retain goods for price while in possession (2) Transfer of property is at a future time or subject to a condition (3) Property in goods is transferred from seller to buyer (4) Delivery to a good-faith person without notice has effect as if authorised by owner.

The correct matching is A-3, B-2, C-1, D-4: a sale transfers property immediately, an agreement to sell defers it or makes it conditional, lien is retention for the price while in possession, and Section 30 protects good-faith recipients from a seller in possession.

  1. AA-3, B-2, C-1, D-4Correct
  2. BA-2, B-3, C-1, D-4
  3. CA-3, B-2, C-4, D-1
  4. DA-1, B-2, C-3, D-4

Explanation

Section 4(3) says a sale transfers property at once, while an agreement to sell defers it or makes it conditional. Section 46(1)(a) gives lien while in possession. Section 30(1) protects a good-faith recipient from a seller who remains in possession. This gives A-3, B-2, C-1, D-4.

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