(ii)           Action against third parties: In case goods are damaged by a third party, it is only the owner who can take action against him. Proprietary rights depend on transfer of property.

(iii)         Right of Resale: To determine whether buyer can resell the goods to a third party without incurring any liability is linked with transfer of ownership.

(iv)         Suit for price: Transfer of property confers upon the seller the right to sue the buyer for price.

(v)           Right of official Receiver: The right of official receiver or assignee to take over the goods in the event of insolvency of either the buyer or the seller depends on as to who is the owner at a given point of time.