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Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold...

Commerce
JAMB 2012

Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because

  • A. ownership was transfered on completeion of installment
  • B. ownership was transfered on delivery
  • C. Yahaya could not pass title to a third party
  • D. Ali was still indebted to Yahaya
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Correct Answer: Option B
Explanation

Ahmed  lost ownership of the property the moment he transferred ownership to yahaya whether he was fully compensated or not.


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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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