This material is a part of PGPSE / CSE study material for the students of PGPSE / CSE students. PGPSE is a free online programme for all those who want to be social entrepreneurs / entrepreneurs
The presentation is about the Rights of seller against buyer and remedies for buyer against seller. This presentation is presented in very short and easy way to understand the topic quickly.
The presentation is about the Rights of seller against buyer and remedies for buyer against seller. This presentation is presented in very short and easy way to understand the topic quickly.
Difference between Sale & Agreement to Sell (Contract of Sale and Agreement t...EHSAN KHAN
Sale
A sale is a type of contract in which the seller transfers the ownership of goods to the buyer for a money consideration. Here the relationship amidst the seller and buyer is of creditor and debtor. It is the result of an agreement to sell when the conditions are fulfilled and the specified time is over.
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 fulfilment of a condition.
When there is a willingness of the both the parties to constitute a sale i.e. the buyer agrees to buy, and the seller is ready to sell the goods for monetary value. In an agreement to sell the performance of the contract is done at a future date, i.e. when the time elapses or when the necessary conditions are satisfied. After the contract is executed, it becomes a valid sale. All the necessary conditions required at the time of sale should exist in the case of an agreement to sell too.
If the seller rescinds the contract, then the buyer can claim damages for the breach of contract. On the other hand, the unpaid seller can also sue the buyer for damages.
Sales of goods act agreement to sell - Legal Environment of Business - Busi...manumelwin
Where the right of ownership in the goods is transferred from the seller to the buyer, the contract is called a sale. Where the transfer of ownership in the goods is to take place at a future time or subject to some conditions thereafter to be fulfilled, the contract is called agreement to sell.
This presentation is made by Toran Lal Verma. The presentation deals with performance of contract under sale of goods act, 1930. Rights and Duties of Unpaid seller is also dicussed in detail.
Difference between Sale & Agreement to Sell (Contract of Sale and Agreement t...EHSAN KHAN
Sale
A sale is a type of contract in which the seller transfers the ownership of goods to the buyer for a money consideration. Here the relationship amidst the seller and buyer is of creditor and debtor. It is the result of an agreement to sell when the conditions are fulfilled and the specified time is over.
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 fulfilment of a condition.
When there is a willingness of the both the parties to constitute a sale i.e. the buyer agrees to buy, and the seller is ready to sell the goods for monetary value. In an agreement to sell the performance of the contract is done at a future date, i.e. when the time elapses or when the necessary conditions are satisfied. After the contract is executed, it becomes a valid sale. All the necessary conditions required at the time of sale should exist in the case of an agreement to sell too.
If the seller rescinds the contract, then the buyer can claim damages for the breach of contract. On the other hand, the unpaid seller can also sue the buyer for damages.
Sales of goods act agreement to sell - Legal Environment of Business - Busi...manumelwin
Where the right of ownership in the goods is transferred from the seller to the buyer, the contract is called a sale. Where the transfer of ownership in the goods is to take place at a future time or subject to some conditions thereafter to be fulfilled, the contract is called agreement to sell.
This presentation is made by Toran Lal Verma. The presentation deals with performance of contract under sale of goods act, 1930. Rights and Duties of Unpaid seller is also dicussed in detail.
identification of goods, when identification occurs, title from non-owners and its exceptions, risk of loss in case of sale on approval, consignment, absence of breach, presence of breach.
Sale of goods act and related provisions for entrepreneurs
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3. What is sale ? Read sec. (4) : when seller transfers or agrees to transfer the property in goods, to the buyer, for money / consideration / price.
4. What are the essentials of a sale ? Bilateral contract: there must be 2 parties Transfer of property: The object of a contract of sale must be the transfer of property (meaning ownership) in goods from one person to another. Goods: The subject matter must be some goods. Price / money / consideration: The goods must be sold for some price, where the goods are exchanged for goods it is barter, not sale. All essential elements of a valid contract must be present in a contract of sale.
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6. What is goods ? Section 2(7) of the Sale of Goods Act: - “goods” means every kind of movable property other than actionable claims and money and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale.