Asked by Jessica Fields on Mar 10, 2024
Verified
When existing goods are identified to the contract of sale, the buyer acquires a special property interest in the goods.
Special Property Interest
A specific legal right or claim one has in property, distinguishing it from general ownership interests.
Identified Goods
In a sales transaction, goods that are specified and agreed upon by both the buyer and seller at the time a contract is entered into.
- Distinguish between various types of damages and remedies, including lost profits, specific performance, and the recovery of goods.
Verified Answer
AY
Aanchal YadavMar 10, 2024
Final Answer :
True
Explanation :
When goods are identified to the contract of sale, the buyer acquires a special property interest in those goods, which means they have a legal claim or right to the goods specified in the contract, even though they may not yet have taken physical possession of them.
Learning Objectives
- Distinguish between various types of damages and remedies, including lost profits, specific performance, and the recovery of goods.
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