Multiple choice

When goods are exchanged for goods, it is a contract of

  1. sale

  2. agreement to sell

  3. pledge

  4. barter
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Option (1) is incorrect: When goods are sold for a price or partly in cash and partly in goods, it is called a sale. Option (2) is incorrect: An agreement to supply goods in future is called an agreement to sell. Option (3) is incorrect: Pledge means mortgaging goods for a loan. Option (4) is correct: If goods are exchanged for goods, then it is called barter.

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