Sale and Agreement to Sell and Its Essentials

Sale and agreement to sell

Sale and Agreement to Sell: Basically, there is little difference between a Sale and an agreement to sell. The sale is a transaction in which one person transfers his ownership with respect to certain goods and thereafter simultaneously delivers the goods to another person, in response to which the person

Discharge Of Contract

discharge of contract

In a contract, there are certain rights and obligations on the parties to the contract. When these rights and obligations came to an end, it is known as the discharge of contract or the contract is terminated. Related Post: Contract of Agency and its Essentials Relevant Provisions: Section 37, 38,

Consideration – Meaning, Definition and Essentials

consideration definition, meaning and essentials

Something is returning is meant consideration. Consideration definition includes some right, interest, profit, or benefit accruing to one party and some forbearance, detrainment, loss, or responsibility given, suffered, or undertaken by the other. Relevant Provisions: Section 2(d), 23, 24, 25, 127 and 185 of the Contract Act, 1872. Meanings of

Rights and Duties of Buyer and Seller

Rights and Duties of Buyer and Seller

Rights and Duties of Buyer and Seller in a Contract of Sale: There are certain terms and conditions in a contract without which no contract can be executed. These terms and conditions may include time, place of delivery of goods, etc. Basically, these terms and conditions are the rights and

Who is Unpaid Seller and his Rights

Unpaid Seller: Under the Sale of Goods Act, of 1930, it is essential that in the contract of sale, the seller when selling his property or goods the seller becomes entitled to be paid consideration as agreed. Sometimes it may happen that a transaction of Sale has taken place but