Question
Ali purchased an expensive painting from John for RM60,000.00 to be paid in three equal instalments. An agreement was signed. One of the clauses stated
Ali purchased an expensive painting from John for RM60,000.00 to be paid in three equal instalments. An agreement was signed. One of the clauses stated that property in the painting will not pass to the buyer until the last and final payment has been made. Before Ali could make the final payment, the painting was stolen from John's studio. Explain who will bear the risk.Ali purchased an expensive painting from John for RM60,000.00 to be paid in three equal instalments. An agreement was signed. One of the clauses stated that property in the painting will not pass to the buyer until the last and final payment has been made. Before Ali could make the final payment, the painting was stolen from John's studio. Explain who will bear the risk.Answer the following questions based on the principles of Sale of Goods Act 1957:
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