Section 20 of The Sale of Goods Act, 1930 View Chapter 3

Specific goods in a deliverable state.

Transfer of property as between seller and buyer

   Where there is an unconditional contract for the sale of specific goods in a deliverable state, the property in the goods passes to the buyer when the contract is made, and it is immaterial whether the time of payment of the price or the time of delivery of the goods, or both, is postponed.