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SoGA , 1930
Corporate & Other Laws
If a good has been sold on credit , it lies under which category- sale or agreement to sell ? Can a Sale be executory contract ? . And is it mandatory to have delivery of good or payment of price unimportant to determine contract of sale as Sale or Agreement to Sale? ( is classification of contract of sale only dependent upon transfer of property ? ) . Plz answer.
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A credit sale can either be a sale or agreement to sell depending upon the time when the property passes to the buyer. A sale may be executory in nature. It is not mandatory that delivery and payment of price are unimportant, in some situations the property passes at the time of delivery of goods. For classification into sale and agreement to sell, we see whether there's immediate transfer or a future transfer.
Sahibdeep Singh
Have you covered this chapter? Some doubts will get clear when you complete the videos.
Yes sir! That is my only doubt from this chapter
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