Q:What is a sales contract? Distinguish between the sale and the contract for sale. Basically, there is a small difference in the sale and the deal for sale. The sale is a transaction by which a person transfers ownership of certain goods and then simultaneously delivers to another person in the response from which the person to whom the goods are transferred invoices the owner of the goods. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer, who then acquires the absolute ownership of the property. These conditions include the amount at which it will be sold and the date of future payment. The concept of the contingency contract, as defined in Section 31 of the Indian Contract Act 1872, can also be incorporated into this concept. Thus, a contract is to sell a contract, do something or not to do if certain event security to such a contract, occurs or does not occur. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016. The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. In addition, Section 9 deals with product pricing.
Therefore, when a sale takes place, a transfer is immediate and the price is therefore safe and fixed, whereas, under certain conditions, the price is determined according to the circumstances of a particular case, so that a sale agreement is reached, but the sale does not take place. And what about the sale of absoulate and the comdational sale In the sales contract, the exchange of goods takes place immediately. A sales contract is also a sales contract in which the seller agrees to transfer the goods to the buyer at a later price or after fulfilling a condition. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. In accordance with paragraph 6, paragraph 1, the sale status largely includes existing goods owned by the seller or owned or owned by the seller. While in the sales agreement, the seller indicates that it is influencing a current supply of future products, it depends entirely on the eventuality of the event that may or may not occur. This article was written by Deyasini Chakrabarti of KIIT Law of School, Odisha. This article focuses on two fundamental concepts of sales and agreements for sale, different legal provisions related to them and also about their difference. If ownership of the goods is transferred from the seller to the buyer, it is immediately called a sale. In the sale, the seller cannot resell the goods; If he does, he can be sued for damages.
Whereas in Consent to Sell if the seller resells, he can only be sued for breach of contract. While in an agreement to be sold, the seller will have to pay for the loss, since the ownership of the goods has not been transferred to the buyer.