YUVASHRI.L.M asked 4 years ago
if the ownership is tranferred to the buyer and the seller act as a bailee to the goods.in this case who will bear the risk mam..
1 Answers
Preeti Aggarwal Staff answered 4 years ago
As a general rule, risk of loss of goods prima-facie falls on the owner. When the ownership (property) is passed to the buyer, the goods shall be at the buyer’s risk whether delivery has been made or not. So if the goods are destroyed may be due to fire or damaged in a riot, the buyer will bear the loss, even if the goods are still in the possession of the seller