what are the essential features of a contract of sale?
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A contract has six important elements so that it will be valid which is offer, acceptance, consideration, intention to create legal relation, certainty and capacity. If the main elements are not in contract, it would be an invalid contract.
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Explanation:
Essential Elements of a Valid Contract. All the requirements of a valid contract such as free consent, consideration, competency of the parties, lawful object and consideration must be fulfilled. ...
Two Parties. ...
Goods. ...
Transfer of Ownership. ...
Price.
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