Business Studies, asked by saloni12135, 3 months ago

a sale i said to be completed when ____ is transfer to one party to tge other party mcq

Answers

Answered by shauryamahajan
3

Answer:

that

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Answered by steffiaspinno
1

Ownership of the goods.

A sale happens between two parties. These two parties are called seller and buyer. The one who sells the goods to the other party is called a seller. The one who buys the goods from the other party is called a buyer. A sale is said to be completed when the ownership of the goods is transferred from one party ( seller ) to the other party ( buyer ). Here, ownership means exercising rights over the goods. Even if the buyer has the goods physically but does not have the ownership of goods, he cannot claim his right on the goods and the seller will remain the owner of the goods. Even if the seller received the payment and its ownership is still with the seller, the sale will be treated as incomplete.

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