If goods have been delivered to a buyer on condition that the seller retains title until full payment:a.the buyer acquires title on full payment;b.none of the above.c.the buyer acquires title on delivery;d.the buyer acquires title before full payment if the goods have been safely stored on the buyer’s premises;
Question
If goods have been delivered to a buyer on condition that the seller retains title until full payment:a.the buyer acquires title on full payment;b.none of the above.c.the buyer acquires title on delivery;d.the buyer acquires title before full payment if the goods have been safely stored on the buyer’s premises;
Solution
To answer the question step by step:
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Understand the scenario: Goods have been delivered to a buyer, but the seller retains title until full payment is made.
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Analyze each option:
- Option a: The buyer acquires title on full payment.
- This means the buyer will only get ownership of the goods once they have paid in full.
- Option b: None of the above.
- This implies that none of the other options are correct.
- Option c: The buyer acquires title on delivery.
- This means the buyer gets ownership as soon as the goods are delivered, regardless of payment status.
- Option d: The buyer acquires title before full payment if the goods have been safely stored on the buyer’s premises.
- This suggests that the buyer gets ownership before full payment, provided the goods are safely stored.
- Option a: The buyer acquires title on full payment.
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Evaluate the condition: The condition specified is that the seller retains title until full payment is made.
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Determine the correct option: Based on the condition, the buyer will only acquire title once full payment is made.
Therefore, the correct answer is: a. the buyer acquires title on full payment.
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