Sale and agreement to sale
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This presentation discusses the essential elements of a sale contract and the differences between a sale and an agreement to sell. A sale involves the immediate transfer of ownership of goods from the seller to the buyer in exchange for money. The essential elements of a valid sale contract are two parties, a subject matter or goods, and consideration in the form of money. An agreement to sell differs in that it only obligates the seller to transfer ownership of goods to the buyer at a later date or once certain conditions have been met, rather than immediate transfer of ownership.
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This document defines and distinguishes between a contract of sale and an agreement to sell under the Sale of Goods Act.
A contract of sale is defined as a contract where the seller transfers or agrees to transfer ownership of goods to the buyer for a price. In a contract of sale, ownership is transferred immediately from the seller to the buyer. An agreement to sell is an executory contract where the transfer of ownership will take place at a future time or subject to conditions.
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A sale is a completed transaction where the property passes immediately to the buyer. An agreement to sell is an executory contract where the property transfer is still to occur in the future, once conditions are met. The key differences are:
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This document discusses exceptions to the general rule that for a valid transfer of property ownership in goods during a sale, the property must be transferred from the seller to the buyer. It outlines seven exceptions where a person can transfer better title to goods than they themselves possess. These exceptions include estoppel, sale by a merchantile agent, sale by one joint owner, sale by a person in voidable contract, sale by a seller still in possession, sale by a buyer in possession, and sale by an unpaid seller. Examples are provided to illustrate each exception.
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1. The right of lien, which allows unpaid sellers to retain possession of goods until payment of the price is made.
2. The right of stoppage in transit, which permits unpaid sellers to resume possession of goods that are in transit if the buyer becomes insolvent before payment.
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The document outlines the conditions for exercising these unpaid seller rights and exceptions regarding sub-sales or pledges
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This document provides an overview of different types of derivatives, including examples. It discusses forwards, futures, options, and swaps. Forwards are customized bilateral contracts where the parties agree to buy or sell an asset at a future date for a predetermined price. Futures are standardized exchange-traded contracts that are cash settled. Options provide the right but not obligation to buy or sell an asset by a specified date at a predetermined price. Swaps involve exchanging cash flows of one party's financial instrument for those of the other party. The document defines key terms and concepts for each type of derivative and provides examples to illustrate how they work.
Derivative - Introduction
Derivative, Types of Derivative, Risk involved in derivative contracts, Commonly Used Terms, Long positions, Short Position, Spot Contract, Expiration, Market Maker, Bid Ask Spread.
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This document outlines key concepts in contract of sale under business law. It defines a contract of sale as an agreement where the seller transfers goods to the buyer for a price. The essential elements of a valid contract of sale are the seller, buyer, goods, transfer of property, price, and elements of a valid contract. The document also discusses implied conditions, warranties, remedies, unpaid sellers' rights, and auction sales.
Derivatives and option pricing theory
Derivatives are financial instruments whose value is based on an underlying asset such as stocks, commodities, currencies, or interest rates. There are several types of derivatives contracts including forwards, futures, options, and swaps. Derivatives are traded globally and provide benefits such as lower transaction costs, reduced risk, and enhanced liquidity. Key players in the derivatives markets include hedgers who seek to reduce risk, speculators who take on risk to profit from price changes, and arbitrageurs who exploit price differences. Options give the holder the right but not obligation to buy or sell the underlying asset at a specified price on or before expiration. Factors like volatility and time to expiration impact option pricing models.
Saleofgoodsact
The document provides an overview of the Sale of Goods Act of 1930 in India. It defines a contract of sale as the transfer of property in goods from a seller to a buyer for a price. It outlines the essential elements of a valid sale contract and distinguishes between a sale and agreement to sell. It also defines goods, classifies different types of goods, and discusses documents of title related to goods.
Different Types Of Property Transfer Deeds
This document discusses different types of property transfer deeds. It explains that a property transfer requires a deed, which is a legal document that validates the transfer of ownership from one party to another. The main types of deeds discussed are sale deeds, transfer deeds, relinquishment deeds, gift deeds, warranty deeds, special warranty deeds, quitclaim deeds, bargain and sale deeds, and grant deeds. Each deed serves a slightly different purpose in legally transferring property ownership or rights.
Business Law
Presentation on:
Void Agreement, Contract of Agency, Contract of sale of goods, Performance of the contract of sale and Nature of negotiable instrument
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This document provides an overview of contract law, defining a contract and outlining the basic elements required for any contract to be valid. It discusses the requirements of mutual assent (offer and acceptance), consideration, legality, and capacity. It also describes different types of contracts, including unilateral and bilateral, executory and executed, void and voidable. Technical contracts like negotiable instruments are also mentioned. The key elements that must be present in any legally binding contract are an offer, acceptance, consideration, capacity of the parties, and a legal purpose.
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Module-1.pptx
This document provides an introduction to financial derivatives, including definitions, key concepts, and types. It defines derivatives as financial instruments whose value is based on an underlying asset such as a security, commodity, or currency. The main types of derivatives discussed are forwards, futures, options, and swaps. Forwards and futures are contracts to buy or sell an asset at a future date, while options provide the right but not obligation to buy or sell an asset. Derivatives allow for managing and transferring risk exposure from price fluctuations.
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Amity mba ii sem legal aspects of business module ii
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Sale and agreement to sale
- 2. Submitted by Md.Rezaul Hoque Razu ID:- 131-26-434
- 4. ? A sale is a type of contract in which the seller transfers the ownership of goods to the buyer for money consideration.
- 5. Essential Elements of a sale Valid Contract
- 6. Essential Elements of a sale Two parties Subject matter
- 7. Essential Elements of a sale Transfer of ownershipMoney consideratio
- 8. Agreement to Sell ? An agreement to sell is also a contract of sale of goods, in which the seller agrees to transfer goods to the buyer for a price at a later date or after the fulfillment of a condition.
- 9. Different between a sale and agreement to sell. •Nature of Contract •Transfer of Property (Ownership) • Risk of Loss •Consequences of Breach •Buyers Insolvency •Seller’s Insolvency •Types of Goods •Remedial Measures