2.42 Transfer of Property

When does ownership typically transfer for specific goods at the time of contract formation?

• Upon goods delivery

• Upon contract finalization

• Upon buyer taking possession

• Upon payment completion

In which scenario might ownership transfer be delayed for specific goods?

• When the seller prepares the goods for delivery

• When the price depends on weighing or testing

• When the buyer pays in installments

• When the buyer takes temporary possession

What does Rule 4 state regarding ownership transfer for specific goods?

• Ownership transfers upon payment completion

• Ownership transfers upon buyer taking possession

• Taking possession doesn't always mean ownership transfer

• Taking possession always means ownership transfer

When does ownership transfer for unascertained goods according to Rule 5?

• Upon buyer taking possession

• Upon unconditional allocation

• Upon goods delivery

• Upon contract finalization

What is the general rule regarding the transfer of risk for goods?

• The risk falls on the seller after ownership transfer

• The risk falls on the buyer until ownership transfer

• The risk falls on the seller until ownership transfer

• The risk falls on the buyer after ownership transfer

What does the nemo dat rule state regarding the transfer of title?

• The seller can reclaim the goods anytime

• The buyer always acquires legal ownership

• No one can transfer a better title than they possess

• Anyone can transfer a better title than they possess

In which case did ownership of fish not transfer according to the text?

• Fish were not paid for

• Fish were not earmarked for the buyer

• Fish were not delivered on time

• Fish were unconditionally allocated to the buyer

What happened in the Tarling v Baxter case mentioned in the text?

• Ownership of a haystack passed to the buyer upon contract finalization

• Ownership of a haystack passed to the buyer after payment

• Ownership of a haystack passed to the buyer after delivery

• Ownership of a haystack passed to the buyer even though it burned before pickup

In the Elphick v Barnes case, why didn't ownership of a horse transfer?

• The buyer didn't pay for the horse

• The horse died before the trial ended

• The horse was not delivered

• The buyer didn't take possession

What is the purpose of the Sale of Goods Act (SoGA) mentioned in the text?

• To manage advertising campaigns

• To enforce payment deadlines

• To regulate sales prices

• To outline the legal framework for transferring ownership