| Legal Principle An essential condition in a contract for sale of goods is that the seller has title over the goods sold |
| Fact Situation Ranjan pays ` 2000 and buys a watch from Mohit who runs a watch showroom and a repair shop. Jatin sees the watch with Ranjan and tells him that it is his watch and was only given to Mohit for repairs. If what Jatin says is true? |
| Which of the following statements is the most appropriate in relation to the legal principle stated above? |
A) Ranjan is now the owner of the watch since he paid ` 2000 for it.
B) Ranjan is not the owner of the watch since Mohit did not have a title to it.
C) Mohit must pay Jatin ` 2000 since he sold Jatin's watch?
D) Mohit is the owner of the watch since he sold it to Ranjan.
Correct Answer: B
Solution :
Sol. In the given Fact Situation, Ranjan is not owner of the watch since Mohit did not have a title to it, which is an essential condition in a contract for sale of goods, mentioned in the given Legal Principle.
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