Which of the following is an example of symbolic delivery of goods ?
Symbolic delivery occurs when there is no physical change in possession of the goods themselves, but a token or symbol that transfers control over the goods—such as handing…
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Which of the following is an example of symbolic delivery of goods ?
Answer and explanation
Correct answer C
Symbolic delivery occurs when there is no physical change in possession of the goods themselves, but a token or symbol that transfers control over the goods—such as handing over the keys of a warehouse or a railway receipt/bill of lading—is delivered to the buyer.
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