Multiple choice

Legally, a contract of sale includes

  1. sale

  2. agreement to sell

  3. barter

  4. Both (1) and (2)

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Option (4) is correct: A contract of sale is a contract for the exchange of goods, services or property that are the subject of exchange from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money paid or the promise to pay the same.