Define the term Delivery. Also Explain the modes of Delivery of Goods.

-

 

Define the term Delivery. Also explain the modes of Delivery of Goods.

Meaning- 

The voluntary transfer of possession from one person to another is referred to as delivery of goods. A delivery process is the goal or end result of any such procedure that results in the items being delivered to the buyer. The products may be delivered even if they are transferred to someone other than the buyer who is authorized to hold the items on the buyer's behalf.

Definition-

On Delivery of goods by the seller (Section 31): “Delivery of goods means voluntary transfer of possession of goods from one person to another.”-U/S 2(2) of Sale of Goods Act,1930.

Modes of delivery of goods- 

    1.   Actual Delivery- By giving in possession, the seller physically hands over the agreed items to the buyer. In other words, where the goods are actually given by one person to another it is called actual delivery of goods.

For example- A, the seller, hands over a car to B, the buyer; this is an example of actual delivery of goods.

    2.  Symbolic delivery- When there is no actual transfer of goods from one hand to another, a symbol representing those goods is transferred from one person to another so that the transferee has control over the goods. The goods may remain in the same location, but control over them shifts from one person to another.

Where the goods are bulky and cannot be delivered physically, the delivery may be symbolic.

For example, the act of handing over the key to the godowns with the goods inside is referred to as symbolic delivery.

    3.  Constructive delivery- Even if there is no change in the possession or custody of the goods, the transfer of goods can be completed. In some cases, the goods may be delivered by another mode in which neither physical nor symbolic delivery is performed, but an act places the goods in the custody of the other person.

For example, A constructive delivery is one that is made through attornment or acknowledgment. If you pick up a package on a friend's behalf and agree to keep it for him.

Conclusion-

These are the modes of delivery of goods in Sales of goods act. Different modes are used in different situation.

Comments

Post a Comment

Popular posts from this blog

The Slip System; Meaning, Main advantages and Disadvantages.

-
 Meaning of Slip System of Posting In this system, posting is made from slips prepared inside the organisation itself or from slips filled in by its customers. So entries are not made in the books of original entry subsidiary books, but posting of entries is done from slips. In a banking company, the main ships are pay-in-slips, withdrawal slips and cheques and all these slips are filled in by clients of the bank. These slips serve the basis of entry in the ledgers and control accounts in the General Ledger are prepared on the basis of analysis of these slips. Main reasons for the adoption of the slip system of posting by the bank are the following:  1. The bank must have customer's account up-to-date for a customer may present a cheque any time during hours meant for the public. Slip system helps in keeping the accounts up-to-date. 2. The number of transactions in a bank is very large. The adoption of slip system can suitably distribute the work of posting among many persons....
Read more

E-mail- Meaning, advantages and disadvantages

-
E-MAIL Electronic mail, most commonly referred to as email or e-mail since approximately 1993, is a method of exchanging digital messages from an author to one or more recipients. Modern email operates across the Internet or other computer networks. Some early email systems required that the author and the recipient both be online at the same time, in common with instant messaging Today's email systems are based on a store-and-forward model. Email servers accept, forward, deliver, and store messages. Neither the users nor their computers are required to be online simultaneously; they need to connect only briefly, typically to an email server, for as long as it takes to send or receive messages. Historically, the term electronic mail was used generically for any electronic document transmission. An Internet email message consists of three components, the message envelope, the message header, and the message body. The message header contains control information, including, minimally,...
Read more

Define Human Resource Management (HRM). What are the major challenges of Human Resource Management (HRM) ?

-
Meaning and Major Challenges of Human resource management  (HRM) Meaning-   Human resource management may be defined as a set of policies, practices and programs designed to maximize both personal and organizational goals. It is a process by which the people and organizations are bound together in such a way that both of them are able to achieve their objectives.   Definition-   According to  Filippo, " Human  resource management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished. " Major Challenges of Human Resource Management-   1. Downsizing Plan 2. Exit Policy 3. Work Force Diversity 4. Technological Changes 5. Work life Conflict  6. Liberalization, Globalization and HRM 1. Downsizing Plan Downsizing means reducing the size of the organisati...
Read more