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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
A B C D E F G H I J L M N O P R S T U V W X
S
495.0000 Sale
Annotation 495.0668
(c) Time and Place of Sale
495.0668 Time of Passage of Title. When a contract of sale is silent regarding the time of passage of title, general law provisions are governing. California Commercial Code section 2401(2) provides that title passes at the time that seller completes performance regarding physical delivery of the property. The buyer's right to acceptance may act as a condition precedent to its obligation to pay the price, but it does not preclude passage of title when the delivery conditions have been met. If the buyer does reject the goods after delivery, title revests in the seller. 4/9/92.