Rikki sells shares in Sunn Energy Company to Telsa.Rikki does not deliver the actual possession of the shares to Telsa,but gives her the key to a safety-deposit box in Unity Bank in which the stock certificates are locked.Presenting the key is

Question

Quizplus · Accepted Answer

This situation is an example of constructive delivery, where the transferor delivers something that gives the transferee access to the item being transferred. In this case, Rikki giving Telsa the key to the safety-deposit box where the stock certificates are stored provides Telsa with access to the shares of Sunn Energy Company.

Rikki Sells Shares in Sunn Energy Company to Telsa