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The International Sale of Goods, 4th Edition by Bridge, Michael (30th November 2017)

Part I International Sales Governed by English Law, 7 Passing of Property and Risk

MG Bridge

From: The International Sale of Goods (4th Edition)

Michael Bridge

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 14 December 2018

Subject(s):
Formation of contract — Obligations of the buyer — Obligations of the seller — Documents of title — Passing of property

This chapter looks at the passing of property and the risks involved. The passing of property (or ownership) to the buyer is of vital interest in both domestic law and the international law of sale. The law of sale, as codified by the Sale of Goods Act, is a combination of contract and conveyance. The latter part — the conveyance — is the passing of property. In the Act itself, the passing of property is important in defining the moment when risk is transferred. The significance of risk is that, when transferred to the buyer, it determines the contractual rights of the seller and buyer if there occurs a casualty to the goods for which neither party bears contractual responsibility. However, as the chapter shows, this connection between the property and risk is not as important in the law of international sale as it is in the law of domestic sale.

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