Asked by
Vigie Abinsay
on Dec 16, 2024Verified
The sale of goods anticipates the transfer of possession but not necessarily property rights from the seller to the purchaser.
Transfer of Possession
The act of handing over control or ownership of an item or property from one party to another.
Property Rights
The legal rights to own, use, and dispose of assets including real property and intellectual property.
Purchaser
An individual or entity that buys goods or services for personal use, commercial use, or resale.
- Comprehend the nuances of transferring possession and property rights in sales transactions.
Verified Answer
IB
Learning Objectives
- Comprehend the nuances of transferring possession and property rights in sales transactions.