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Commerce · Q489

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 489

Q489

Which of the following most appropriately describes the term 'sale' as per Sale of Goods Act, 1930?

A.
A contract where by seller transfers the property in goods
B.
A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price
Answer
C.
A contract where transfer of the property in goods is to take place at a future time
D.
A contract where transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled

Answer: Option B

Solution

Answer: Option B
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