Accountancy, asked by srgmath7022, 9 months ago

Describe the essential characteristics of contract of sale of goods

Answers

Answered by hamzakhan32
1

Six essential characteristics of a contract of sale of goods

  • Two parties: The first essential is that there must be two distinct parties to a contract of sale, viz., a buyer and a seller, as a person cannot buy his own goods. ...
  • Transfer of property: ...
  • Goods: ...
  • 'Money' means current money: ...
  • Price: ...
  • Includes both a 'sale' and 'an agreement to sell: ...
  • An agreement to sell: ...
  • Illustrations:

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