Effect of distruction of goods:
1.goods perishing before making of contract:
He sale ofspecific goods is void if the time when the contract was made the good have, without the knowledge of the seller, perishied.the same would be the case where the goods became so damaged as no longer to the ground.
2.goods perishing after the agreement to sell but before the sale is effected:
An agreement to sell but before the sale is effected becomes void if subsequently the goods, without any fault on the part of the seller or buyer, perish or become so damaged as no longer to answer to their description in the in the agreement before the risk passes to the buyer.
Document of title to goods:
A document of title to goods is one which enables its possessor to deal with the goods described in it as if he were the owner. It is used in the ordinary course of business as proof of the possession or control of goods.
Thursday, September 10, 2009
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