A contract of sale always involve reciprocal premises which means the seller promising to deliver the goods and the buyer promising to accept and pay for them
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Keep practicing — related questions
- Contract of sale includes both a sale and agreement to sell
- The consideration in a contract of sale can be partly in money and partly in goods.
- A sale is an executed contract.
- Contract of sale may be either absolute or conditional
- 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.
- The goods are subject matter of the contract of sale. The goods are movable goods only.