Вы находитесь на странице: 1из 8

A Presentation On

Difference Between Sale and Agreement to sell

Business Law
Anantdeep Singh Puri 1
 It is a contract whereby the seller transfers
or agrees to transfer the property in goods to
the buyer for a price. [section 4(1)].

 A future transfer of good will be agreement to


sale

Business Law
Anantdeep Singh Puri 2
Contract of Sale:

 A contract of sale of goods is a contract


whereby the seller transfers or agrees to
transfer the property in goods to the
buyer for a price. Sec.4(1)
 There may be a contract of sale between
one part owner and another.
 A contract of sale may be absolute or
conditional.

Business Law
Anantdeep Singh Puri 3
The Sale of Goods Act shall apply to

A Contract only if the ownership of


goods is transferred from one person
to another immediately at the time of
formation of contract or subsequent
to formation of contract.

Business Law
Anantdeep Singh Puri 4
Sale of Goods Act shall not apply to

 Bailment of goods;
 Pledge of goods ;
 Any contract relating to immovable
property ;
 Contract of work and skill

Business Law
Anantdeep Singh Puri 5
Sale and Agreement to Sell:
 When property is transferred from
seller to buyer at the time of
formation of contract, an absolute
sale occurs.
 When property in the goods is to be
transferred at some future date and
not at the time of contract, the
contract of sale is termed as an
agreement to sell.

Business Law
Anantdeep Singh Puri 6
Difference Between Sale And Agreement To Sell
Agreement To Sell
Sale
1. Since property in the goods
1. The Property in the goods does not pass to buyer, the
passes to the buyer and risk also does not pass to
along therewith the risk. him.

2. It is an executed contract. 2. It is an executory contract.

3. The seller can sue the buyer 3. The aggrieved party can sue
for the price of the goods for damages only and not
because of the passage of the for the price, unless the
property therein to buyer. price was payable at a
stated date.
4. A subsequent loss or
destruction of goods is 4. Such loss or destruction is
liability of buyer. the liability of the seller.

Business Law
Anantdeep Singh Puri 7
Thank You

Anantdeep Singh Puri 8

Вам также может понравиться