Question

. A agrees to deliver his old car valued at Rs.80,000/- to B, a car dealer, in exchange for a new car, and agrees to

pay the difference in cash it is​

Answer 1

Answer:

Barter is right answer. This discussion on A agrees to deliver his old car valued at Rs. 80,000 to B, a car dealer, in exchange for a new car, and agrees to pay the difference in cash it is _________a)Contract of sale.

Answer 2

Answer:

A agrees to deliver his old car valued at Rs.80,000/- to B, a car dealer, in exchange for a new car, and agrees to pay the difference in cash, it is​contract of sale

Explanation:

Contract of sale:

A sales contract is a legal agreement between a buyer and a seller to engage in a transaction. Sales contracts can vary in nature, from very brief boilerplate forms to complex sales agreements that can be on multiple pages to cover every term and condition of the sale. Basic sales contracts can be found pre-printed in self-help law books and online. For special circumstances, a lawyer may be required to draw up the contract.

The sales contract describes the product or service to be purchased, names the buyer and seller, and provides information about costs, delivery estimates, and other matters related to the sale. In addition, the sales contract covers the terms and conditions of the sale that may turn out to be a transaction. Sales contracts provide legal protection to both buyers and sellers.

The above examples is also the case of contract of sale , in which the dealer is making a contract with the person that he will give a new car in exchange of a old car and some amount in cash.