Common Contracts
1 similar Sale and Agreement contracts
Difference between Sale and Agreement to sellSale and Agreement • October 30th, 2023
Basis Sale Agreement to sell 1 Definition 4(3) It is a contract of sale the property in the goods is transferred from the seller to the buyer,the contract is called a sale It is a contract of sale where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, contract is called anagreement to sell. 2 Time of transfer of ownership Immediate irrespective of delivery or payment *at a future time or*subject to subsequent fulfillment of some condition 3 Nature of goods Specific and scertained/neverfuture goods *May be existing but unascertained,*Future or contingent 4 Who will bear loss/risk ofloss Owner once sale is complete isbuyer: buyer will bear Owner in agreement to sell remainsthe seller : risk is with seller 5 Right of resale Owner is original buyer. But if seller resells*to a bonafide new buyer , he gets a good title and original buyer can claim only damages*To non bonafide new buyer : original buyer can
