Multiple choice

A contract for sale of goods includes

  1. sale and an agreement to sell

  2. sale only

  3. agreement to sell only

  4. sales, leases and hire purchases
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A Correct answer
Explanation

A "contract of sale" includes both a sale where the seller transfers the ownership of the goods to the buyer and an agreement to sell where the ownership of goods is to be transferred at a future time or subject to some conditions to be fulfilled later on.

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