Buyer v. Seller: Ownership Transfer Upon Contract Conclusion

A buyer appealed a lower court decision that upheld a seller's right to refuse the transfer of ownership of a specific item after the contract of sale was signed but before the final payment was made, arguing that the transfer of ownership should occur immediately upon the exchange of consent, irrespective of payment. The high court quashed the lower court's ruling, reasoning that in contracts for the sale of a specific item, ownership transfers to the buyer upon the conclusion of the agreement, provided the item is clearly identified, and subsequent non-payment by the buyer does not automatically prevent this transfer, although it may constitute a breach of contract allowing for remedies such as rescission or enforcement of payment.