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The sole purpose of a sale is the transfer of ownership of the goods from seller to buyer. On passing of property from the seller to the buyer, the buyer becomes the owner of the goods and acquires all the rights held by the seller in respect of the goods sold. The term transfer of property implies transfer of ownership and not physical possession of goods. The person who is the owner of goods may or may not have the possession of goods or the person having the possession may or may not be owner of goods.
For example where the principal sends the goods to his agent, he merely transfers the possession of goods and not the ownership. In this case principal is owner of the goods but does not have the possession of the goods and the agent has the possession of goods but not the ownership of goods.

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