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Passing of property
Member rating: No Rating | Words: 2515 | Submitted: Sat Nov 24 2007
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1. The paper analyses the passing of property and risks entailed. In order to answer the question in context it is essential to look at the Sale of Goods Act 1979 (as amended), so as to reach conclusions on the liability of the respective parties. Benfico and Annacol computers have entered into a contract they have expressly agreed the prices for 50 XTC computers at £250.00 each and 50 ZY laptops at £500.00 each by doing this they have an intention to create a legal relationship. The price is an important term of a contract. There is no mention of any of the other terms of the contract between Benfico and Annacol. A term in a contract cannot be breached, if it is, then the contract can be repudiated. "A contract of sale is made in order to transfer ownership from the seller to the buyer. This transfer of ownership...
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