Business Law by Ester Katende - Passing Property in Law

Supposing you agree with a friend to sell to them your Mercedes S Class. They pay you half and you give them the car, but still keep the log book. As they are driving on the road away from your office where the deal has taken place, the Benz is knocked down completely and it has to be written off. Who is to bear the loss? Is it your friend who was driving it, or you who still has the log book? This Video is a discussion of the law relating to the Passing of Property in law. The passing of legal ownership in a sale of goods contract. What is Passing Property? When is Property deemed to pass? Who bears the risk once Property has passed? Should you have any questions, do not hesitate to contact me on [email protected]