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(a) In the case of the suspensive condition, being one which suspends the operational effect of one, or some, or all of the obligations under a contract until the conditions are fulfilled, the risk will not pass until the suspensive conditions have been fulfilled.
(b) The resolutive condition has a different effect. A sale subject to this type of condition will result in the risk passing as soon as formalities required for the completion of a sale agreement have been completed. The risk in conditional sales is as follows:-
• in the case of a sale subject to a suspensive condition, the risk of total loss remains with the seller until the condition is fulfilled (as indicated above the risk does not pass with ownership). The reason the risk remains with the seller is due to the effect that a suspensive condition suspends the whole sale and until such time as the condition is fulfilled, there is no sale, thus risk cannot pass;
• on the other hand, in the case of a sale subject to a resolutive condition, the risk of total loss passes to the buyer immediately the contract has been concluded. As indicated above, the sale operates immediately, with the result, that if the thing is destroyed before delivery, the buyer must nevertheless pay the price in full, for the risk has passed to the buyer.
What else can I help you with?
Is there a difference between potential and kinetic energy, or are they the same?
Yes, there is a difference between potential and kinetic energy. Potential energy is stored energy that an object has due to its position or condition, while kinetic energy is the energy an object possesses due to its motion.
Which condition must exist between two points in a conductor in order to maintain a flow of charge?
There must be a potential difference between the two points in the conductor in order to maintain a flow of charge. This potential difference creates an electric field that drives the charges to move from one point to another.
What condition is necessary for electric charge to flow?
For electric charge to flow, there must be a potential difference (voltage) between two points in a conducting material. This difference in potential creates an electric field that exerts a force on the charges, causing them to move. Without a potential difference, charges will not flow.
What condition is necessary for the flow of heat?
A temperature difference between two objects or systems is necessary for the flow of heat. Heat flows from areas of higher temperature to areas of lower temperature until thermal equilibrium is reached.
What is the relation between the path difference and phase difference?
The phase difference between two waves is directly proportional to the path difference between them. The phase difference is a measure of how much the wave has shifted along its oscillation cycle, while the path difference is a measure of the spatial separation between two points where the waves are evaluated.
Difference between suspensive time and resolutive time clause?
A suspensive time clause: is when the parties agree that the duty to perform is postponed until a determined or determinable date due to the pending event, and that this event is certain to happen. However, the exact date is unknown. Example: A and B agree that A will pay a certain amount to B 90 days after C's death. (C's death is certain, but the exact date is uncertain. The duty to perform is then suspended until an uncertain, but determinable date) A resolutive time clause: is when the parties agree that the obligations in the contract will be terminated upon a certain future time. This exact time is certain to happen, but the exact date is unkown. Example: A and B agree to perform the obligations within the contract until B's death. Upon B's death, the contract is terminated. The event of B's death is certain, but the exact date is unknown. Both must be mentioned within the contract upon conclusion in the contract.
Difference between nature of condition and warranties?
difference between nature of conditions and warranties
What is the difference between a nested IF and a multiple condition IFAND?
The difference is mainly in the way a compound condition is set out. A nested IF can be rewritten in terms of IFAND, and conversely.
What is the difference between a series circuit and a parallel cicuit and condition?
is it g style
What is difference between branching and looping?
looping run condition contiously till a specific condition is true ,otherwise branching test condition at a time.
What condition is indicated by the structural difference between systemic and pulmonary arteries?
Elatic recoil.
What is the difference between syndrome and symptom?
A syndrome is a medical condition, and a symptom is something that is noticed that may be used to diagnose a medical condition.
What is the difference between constipation and diverticulitis?
Diverticulitis is an inflammation of the large intestine or colon. Diverticulosis is a condition that has similar symptoms but there is no inflammation.
What is the difference between a Ferrari and a Lamborghini?
There are many differences, such as price, size, condition, and many more.
What is the difference between slave and slavery?
Nothing. They are the same thing. A slave is the person. Slavery is the condition.
What is the medical condition when a person cannot feel the difference between hot and cold?
Extreme hypothermia
Difference between for and while loop not in syntactically?
Well 'while' goes like this: while (condition) statement 'for': for (initialize; condition; after-each-loop) statement
