A contract of sale is also a contract for the sale of goods in which the seller undertakes to transfer goods to the buyer at a subsequent price or after fulfilling a condition. With the spread of online retailers that offer a large number of products for sale, there is some predictability for consumers who have entered into agreements between retailers regarding the purchase of their products. For example, retailers have a return policy that typically allows the consumer to return unadjusted goods and unused items within a set period of time after purchase, usually less than thirty days. 30 Unless otherwise agreed, delivery of the goods and payment of the price are simultaneous conditions, i.e. the seller must be ready and willing to take possession of the goods against the buyer`s price, and the buyer must be ready and willing to pay the price in exchange for possession of the goods. S.R., at 408, p. 30. 12 1. If there is an agreement for the sale of goods on the condition that the price is to be fixed by the valuation of a third party and that third party is unable or unsying to carry out such an valuation, the contract is avoided, provided that the goods or parts thereof have been delivered to the buyer and acquired by the buyer: the buyer must pay a reasonable price for this purpose.

The sale and the agreement of sale are types of contracts, the former being an executed contract, while the latter is a contract of performance. Many law students confuse themselves between these two notions, but these are not the same thing. Here in the article below, we have explained the difference between the sale and the sales contract, look at it. One of the founding concepts of the Sale of Goods Act 1930 is the sale and a sales agreement. Section 4 of the Sale of Goods Act 1930 deals specifically with the sale and the agreement of sale. He expressly manages and negotiates the sale and the agreement to be sold. In other words, if ownership of the goods passes to the buyer, that buyer bears the risk of loss or deterioration of those goods, even if the goods have not been delivered. This position is replicated in other states in legislation. This article was written by Deyasini Chakrabarti by KIIT Law of School, Odisha….

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