धारा 40

Section 40 of the Sale of Goods Act, 1930, states: 'The goods are at the buyer's risk from the time when they are delivered to him, or from the time when they are delivered to a carrier or other bailee for the purpose of transmission to the buyer, whichever is the earlier.' This section provides that the risk of loss or damage to the goods passes to the buyer from the time of delivery to the buyer or to a carrier or bailee for transmission to the buyer, whichever is earlier. The section emphasizes the importance of the time of delivery in determining when the risk passes to the buyer. In the case of Lee v. Griffin, the court held that the risk of loss or damage to the goods passes to the buyer from the time of delivery, and the buyer is responsible for any loss or damage occurring after that time.