
Distinguish Between a Sale and an Agreement to Sell?
TOPIC: Distinguish Between a Sale and an Agreement to Sell?
Sale
- Property or ownership of goods is transferred immediately to the future time or subject to a certain buyer.
- If the buyer fails to pay for the goods the seller may sue for price.
- If the goods are destroyed the loss falls upon the buyer.
- The seller cannot resell the goods.
Agreement to Sell
- Property or ownership of goods is transferred immediately to the future time or subject to a certain buyer.
- If the buyer fails to pay for the goods the seller may sue for price.
- If the goods are destroyed the loss falls upon the buyer.
- The seller cannot resell the goods.

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