Section 27
Section 27
(1)
Where a person having bought or agreed to buy goods obtains, with the consent of the seller, possession of the goods or the documents of title to the goods, the delivery or transfer by that person, or by a mercantile agent (as defined in section 28) acting for him, of the goods or documents of title, under any sale, pledge or other disposition thereof, to any person receiving the same in good faith and without notice of any lien or other right of the original seller in respect of the goods, has the same effect as if the person making the delivery or transfer were a mercantile agent in possession of the goods or documents of title with the consent of the owner.
(2)
For the purposes of subsection (1) -
Sellerin possession after sale
Buyerin possession after sale
BLR.O.l/
1999
20
Sale of Goods
Supplemen-tary to sections26
and 27
Dutiesof sellerand buyer
Paymentand deliveryare concurrent conditions
(a)
the buyer under a conditional sale agreement is to be taken not to be a person who has bought or agreed to buy goods; and
(b)
"conditional sale agreement"
means an agreement for the sale of goods which is a consumer credit agreement under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession ofthe goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulmled.