Multiple choice

Price consideration in a contract of sale can be

  1. Money

  2. Goods

  3. Partly by way of money and/or partly by way of goods

  4. No consideration required
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The price in a contract of sale can be paid entirely in money, entirely in goods (barter), or partly in money and partly in goods. The Sale of Goods Act recognizes all these forms as valid consideration. What matters is that there is valuable consideration, not its form.

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