Business Studies, asked by aaddiittyyaacho3666, 7 months ago

Write a short note on cantract of sale.

Answers

Answered by Gautamsingh44
8

Answer:

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Explanation:

A contract of sale, sales contract, sales order, or contract for sale is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).

Answered by exploremathematics59
0

A contract for the sale of goods is defined by the Indian Sale of Goods Act of 1930 “as a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price”.

A contract of sale is therefore agreement by which the seller either actually transfers or enters into an agreement to transfer the ownership in goods to the

purchaser for a price.

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