Agreement to Sell as a Contract for the Sale of Future Goods

Contract for the sale of future goods is a type of contract where the seller agrees to sell and deliver goods to the buyer at a future date. The contract does not involve the immediate transfer of ownership or possession of the goods. Instead, it is an agreement to sell future goods. The contract for the sale of future goods is governed by the Sale of Goods Act, 1930.

Agreement to Sell

The contract for the sale of future goods is also known as an agreement to sell. The term "agreement to sell" means an agreement between the buyer and the seller for the sale of goods at a future date. In an agreement to sell, the seller promises to sell and deliver goods to the buyer at a future date, subject to certain conditions.

Features of Agreement to Sell

The features of an agreement to sell are as follows:

1. No Transfer of Ownership: In an agreement to sell, there is no immediate transfer of ownership of goods from the seller to the buyer. The ownership of the goods remains with the seller until the delivery of goods to the buyer.

2. Delivery at a Future Date: The delivery of goods takes place at a future date as agreed upon by the buyer and the seller.

3. Payment at a Future Date: The payment for the goods is made at a future date as agreed upon by the buyer and the seller.

4. Conditions: The agreement to sell is subject to certain conditions that must be fulfilled by the seller before the delivery of goods.

Conclusion

In conclusion, a contract for the sale of future goods is an agreement to sell where the seller agrees to sell and deliver goods to the buyer at a future date. The contract does not involve the immediate transfer of ownership or possession of the goods. The contract for the sale of future goods is governed by the Sale of Goods Act, 1930.