When transfer of property in goods is to take place at future time or subject to some conditions thereafter to be fulfilled, the contract is called:
Agreement to sell
Section 4(3) of the Sale of Goods Act, 1930 distinguishes a sale from an agreement to sell. Where the property in the goods is transferred from seller to buyer immediately, the contract is called a sale.
Where the transfer of property is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell. It becomes a sale when the time elapses or the conditions are fulfilled (Section 4(4)).
‘Contract of sale’ is the generic term covering both; future goods and specific goods are classes of goods (Section 2), not names of the contract.
Hence, the answer is Agreement to sell.
Similar Questions
Quality or fitness of goods for any particular purpose has no ............ .
The ‘Part delivery’ under section 34 of the Sale of Goods Act, 1930 to be the ‘whole delivery’.
A sale in market overt is an exception of :
The right to stoppage in transit u/s 46 of the Sale of Goods Act, 1930 available to unpaid seller :
Important Questions from Sales of goods act, 1930
In a contract of sale, there is no implied condition as to quality or fitness for any particular purpose of goods supplied. According to which rule, it is the duty of buyer to see and satisfy whether the goods purchased will be suitable for his purpose or not?
- Which of the following are true statements relating to delivery of goods?
(A). Delivery and payment are concurrent conditions.
(B). Delivery may be actual, symbolic or constructive.
(C). Delivery may be at any time of the day only.
(D). Delivery of wrong quality
Choose the correct answer from the options given below: Quality or fitness of goods for any particular purpose has no ............ .
The ‘Part delivery’ under section 34 of the Sale of Goods Act, 1930 to be the ‘whole delivery’.
A sale in market overt is an exception of :
