Question
Farab Limited, a Kaduna based company, ordered on credit six thousand (6,000) tonnes of soya beans from an Ojo based firm, Tollop & Co Nig
Farab Limited, a Kaduna based company, ordered on credit six thousand (6,000) tonnes of soya beans from an Ojo based firm, Tollop & Co Nig Ltd. The goods were loaded aboard a train enroute to Kaduna, the buyer's place of business. Just before the train reached Lokoja, Tollop & Co Nig Ltd. learned that liquidation process has commenced against Farab Limited. AdviseTollop & Co.
Question B
Assuming that Farab Limitedhad already sub-sold one thousand (1000) tonnes to Kuku, a business man, who on contacting the station master, received a note that one thousand (1000) out of six thousand (6000) tonnes are held on his behalf, will your answer differ? Give reasons.
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