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Which of the following is/are not the subject matter of a contract of sale?
- a)Stock and Shares
- b)Sale of building
- c)Growing crops
- d)Consignment from foreign country
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following is/are not the subject matter of a contract of ...
Subject Matter of a Contract of Sale
A contract of sale is a type of agreement where one party agrees to transfer the ownership of goods to another party in exchange for a price. The subject matter of a contract of sale refers to the goods that are being sold or transferred.
The following are the subject matter of a contract of sale:
• Tangible goods: These are physical goods that can be touched, seen, and felt. Examples of tangible goods include furniture, electronics, clothes, and vehicles.
• Intangible goods: These are goods that cannot be touched or seen but have value. Examples of intangible goods include copyrights, patents, and trademarks.
• Future goods: These are goods that are not yet in existence but will be produced or acquired in the future. Examples of future goods include crops that will be harvested in the next season or a car that will be manufactured next year.
Not Subject Matter of a Contract of Sale
Sale of Building is not the subject matter of a contract of sale because a building is considered as immovable property. The transfer of ownership of immovable property is governed by specific laws and regulations, and it requires the execution of a different type of agreement, such as a sale deed or a conveyance deed.
Therefore, a contract of sale can only be used to transfer the ownership of movable goods and not immovable property like buildings or land.
A contract of sale is a type of agreement where one party agrees to transfer the ownership of goods to another party in exchange for a price. The subject matter of a contract of sale refers to the goods that are being sold or transferred.
The following are the subject matter of a contract of sale:
• Tangible goods: These are physical goods that can be touched, seen, and felt. Examples of tangible goods include furniture, electronics, clothes, and vehicles.
• Intangible goods: These are goods that cannot be touched or seen but have value. Examples of intangible goods include copyrights, patents, and trademarks.
• Future goods: These are goods that are not yet in existence but will be produced or acquired in the future. Examples of future goods include crops that will be harvested in the next season or a car that will be manufactured next year.
Not Subject Matter of a Contract of Sale
Sale of Building is not the subject matter of a contract of sale because a building is considered as immovable property. The transfer of ownership of immovable property is governed by specific laws and regulations, and it requires the execution of a different type of agreement, such as a sale deed or a conveyance deed.
Therefore, a contract of sale can only be used to transfer the ownership of movable goods and not immovable property like buildings or land.
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Which of the following is/are not the subject matter of a contract of ...
Sale of immovable property (like buildings) is not contemplated in the Sale of Goods Act, 1930. The latter deals only with goods of movable nature. Sale of immovable property is dealt with under the Transfer of Property Act,1882.
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Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer?
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Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer?.
Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is/are not the subject matter of a contract of sale?a)Stock and Sharesb)Sale of buildingc)Growing cropsd)Consignment from foreign countryCorrect answer is option 'B'. Can you explain this answer?.
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