Transfer of Ownership The word “Property in the Goods” means the legal ownership or title to the goods. Sale of goods involves transfer of ownership or property from
What is Sale? If the property in the goods is transferred (transfer of ownership) from the seller to the buyer immediately it is known as sale. What is
What is Stranger to Contract or Privity of Contract? The expression “Privity of Contract” is a doctrine, which means stranger to a contract. It means that a person,
Advantages of Contract Account The followings are the advantages of contract account. 1. Work can be completed without any delay. 2. A contractor can find the total cost
