BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Executed
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Timed
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Transacted
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Ended
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Detailed explanation-1: -In the agreement to sell the parties agree to exchange the goods for a price depending on the fulfilment of certain conditions at a future specified date. The nature in the sale is absolute. The nature of the agreement to sell is conditional. It is an executed contract.
Detailed explanation-2: -An agreement to sell in law is an executory contract instead of an executed contract. That means the risks are attached to the seller until the product is transferred to the owner.
Detailed explanation-3: -Definition: An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.
Detailed explanation-4: -A contract of sale can be a sale or an agreement to sell. In a contract of sale, when there is an actual sale of goods, it is known as Sale whereas if there is an intention to sell the goods at a certain time in future or some conditions are satisfied, it is called an Agreement to sell.