BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
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Delivery
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Deliverable state
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Sale
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Delivery order
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Detailed explanation-1: -III. Delivery. Delivery of goods signifies the voluntary transfer of possession from one individual to another.
Detailed explanation-2: -Actual Delivery: If the goods are physically given into the possession of the buyer, the delivery is an actual delivery. Constructive delivery: The transfer of goods can be done even when the transfer is effected without a change in the possession or custody of the goods.
Detailed explanation-3: -Rule: The ownership/property in goods is said to be transferred from the seller to the buyer once the goods are in deliverable state and the notice for the same is given by seller to the buyer. Till the time it’s in non-deliverable state, then the ownership lies with the seller only.
Detailed explanation-4: -Constructive delivery (called also symbolic delivery) is a substitute (or is an equivalent) of real delivery. It is a term used when the item was not supplied itself but the symbol or sign of it is delivered. Real (actual, physical, manual) delivery is an opposed term to constructive delivery.