Why is it important to determine when property in goods passes from seller to buyer?

• It is the essence of the contract of the sale of goods that property in the goods pass to the buyer.
• It determines when risk in the goods pass to the buyer hence the party is liable in the event of loss or destruction.
• It determines the remedies available to the parties, for example, the seller can only sue for the price after property in the goods had passed.

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