- Sep 10, 2021
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The buyer accepts the purchase and the seller is ready to sell the goods at monetary value. In the case of a sales agreement, the contract is executed at a future date, i.e. when the time has elapsed or when the necessary conditions are met. Once the contract is executed, it becomes a valid sale. All the necessary conditions at the time of sale must also be met in the case of a sales agreement. And what about the sale of absoulates and the comdational sale All legal sales must have the four basic elements of each sales contract: as soon as a sale takes place, the seller can claim damages if they are unpaid, but he can not resell a product already sold. When a seller attempts to resell a previously sold product, the buyer of the item already sold receives a wrong title or false property. The basis of Indian society is a contract. The very basis of Indian society was based on the theory of the social contract. Thus, contracts are the roots of the law that deals with business, transactions of the Indian economy and society. The parent law was the Indian Contract Act of 1872, we had derived from the Sale of Goods Act of 1930. It thus makes it possible to improve, promote and promote operations in which the seller transfers ownership of the goods to the buyer for remuneration or agrees to transfer them.
« A sales contract can be absolute or conditional. » If a seller agrees to hand over the goods he owns for money to the buyer, this is a contract of sale. Once the exchange is complete, it is simply called a sale. Before the sale is concluded, but the intention to sell exists, it is called a sales agreement. However, section 8 of the said law deals with goods that will perish before the sale but after the purchase agreement, so that this section again highlights the goods that are damaged or perished through no fault of the seller or the buyer. . . .