A sale is an executed contract.
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Keep practicing — related questions
- Contract of sale includes both a sale and agreement to sell
- Contract of sale may be either absolute or conditional
- An agreement to sell is an executory contract.
- There is an agreement to sell until the goods are ascertained
- A sale can be of existing goods and specific goods.
- A contract of sale has some special features which are uncommon to all contracts.
- An agreement to sell is mostly in case of future goods and contingent goods
- The goods are subject matter of the contract of sale. The goods are movable goods only.