Business Law Unit 1 Business Law Complete Notes Distinguish Between a Sale and an Agreement to Sell?

Distinguish Between a Sale and an Agreement to Sell?

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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.
Business Law Unit 1 Business Law Complete Notes Distinguish Between a Sale and an Agreement to Sell?

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