Question

an agreement to sell will become a sale in.
future data
immediate effect
30 days
none​

Answer 1

CORRECT QUESTION :

An agreement to sell will become a sale in

• (a) Future Date

• (b) Immediate Effect

• (c) 30 days

• (d) None

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ANSWER :

★ (a) Future Date

• An agreement to sell will become a sale in future date.

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EXPLANTION :

In case of a sale, the property or the good is transferred to the buyer from the seller immediately. But, in an agreement to sell, the ownership of goods is not transferred immediately. It is intending to transfer at a future date upon the completion of certain conditions thereon. Thus, an agreement to seller depends on the fact whether it contemplates immediate transfer from the seller to the buyer or the transfer is to take place at a future date. It usually does not have a fixed time period. Hence, an agreement to sell is not an absolute sale and will become sale in futute date.

• ✎ The term "Sale" is defined in the Section 4 (3) of the Sale of Goods Act, 1930 that states, "where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contact is called a sale".

• ✎ The term "agreement to sell" is defined in Section 4(3) of the Sale of Goods Act, 1930 that states, "where under a contract of sale the transfer of the property in the hoods is to take place at a future time or subject to some conditions thereafter to be fulfilled, the contract is called an agreement to sell".

Answer 2

NONE

Explanation:

1. A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another.

2. A contract of sale may be absolute or conditional.

3. Where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contract is called a sale, but where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell.

4. An agreement to sell will becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.