Sale under sale of goods act is an contract
Answers
Answer:
jh gh jh gh
Explanation:
hhg go gh g gh hg gh gf hi
Answer:
Section 4 of Sale of Goods Act define the term "Sale" and "agreement to sell" as follows:
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.
A contract of sale may be absolute or conditional.
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.
An agreement to sell becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.
The following must be fulfilled:
There must be a contract,
In Such contract the seller transfers or agrees to transfer the property in goods to the buyer,
Such transfer is made for price,
Sale may be made between one part-owner and another,
A contract of sale may be absolute or conditional.
At the time of agreement if the goods is in existence, it is contract of sale otherwise in respect to future goods, it is agreement to sale.