When a person is already holding the goods on behalf of another and is asked to hold them on as a buyer or as a pledgee or otherwise, it is a case of constructive delivery.
Could anyone explain this sentence?
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When a person is already holding the goods on behalf of another and is asked to hold them on as a buyer or as a pledgee or otherwise, it is a case of constructive delivery.
Could anyone explain this sentence?
Delivery is an act that shows the person's intention to transfer ownership- if the goods are physically given to the person buying them, then that is actual delivery. Here the person shows the intention to transfer the title of ownership by requesting that the persaon who has the goods acts as a pledgee, buyer, etc.
[quote=Tdol;147677]Delivery is an act that shows the person's intention to transfer ownership- if the goods are physically given to the person buying them, then that is actual delivery. Here the person shows the intention to transfer the title of ownership by requesting that the persaon who has the goods acts as a pledgee, buyer, etc.[/quote]
Thank you very much.
But I did not understand the highlighted sentnce.
Constructive delivery is where the courts will interpret that the seller intended to pass title to someone. If they deliver the goods to a third party and ask them to act as a pledgee, then they will not be able to claim that they did not intend to sell.
Thank you very muchQuote:
Originally Posted by Tdol
You're welcome, Gary. ;-)