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Sell And Agreement To Sell

As a result, the price of the goods themselves decreases and the seller suffers the risk of suffering the loss. However, if the goods or part thereof are delivered and acquired by the buyer, the buyer is obliged to pay a reasonable price to the seller. One could conclude that one is an immediate act, while the other is a future act. It is not limited to the Indian Contract Act 1872 and the Sale of Goods Act, 1930, but also extends to the Transfer of Property Act 1882 and the Motor Vehicles Act 1988. To enter into an essential sales agreement under this Act, there must be consistent and convincing evidence of the agreement between the interested parties, the cost of the products and the transfer of the characteristics of the products. Therefore, there can be no agreement without the actual exchange of ownership of the goods, from the seller to the buyer. In the event of the seller`s failure to sell or hand over the property to the buyer, the buyer obtains a right to certain services in accordance with the provisions of the Specific Relief Act 1963. A similar right is available to the seller under the contract to obtain a specific service from the buyer. At the time of sale, the seller may not resell the goods; If he does so, he can be sued for damages. While he agrees with the sale, if the seller resells, he can only be prosecuted for infringement. Literally, selling means “an act or process of selling something” is called selling. In principle, there is a small difference in the sale and the agreement to sell. Sale is a transaction in which a person transfers ownership of certain goods and then simultaneously supplies the goods to another person, as a result of which the person to whom the goods are transferred pays consideration to the owner of the goods.

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