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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

List down the essential elements of a contract of sale. - Commerce

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Question

List down the essential elements of a contract of sale.

Short Note

Solution

Following essential elements are necessary for a contract of sale:

  1. Two Parties
  2. Transfer of Property
  3. Goods
  4. Price
  5. Includes both ‘Sale’ and ‘Agreement to Sell’
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Formation of Contract of Sale
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Chapter 21: The Sale of Goods Act, 1930 - Exercise [Page 186]

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Samacheer Kalvi Commerce [English] Class 12 TN Board
Chapter 21 The Sale of Goods Act, 1930
Exercise | Q II. 2. | Page 186
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