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Directions: Read the following passage and answer the question.
Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.
Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.
Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.
Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.
An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.
[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]
Q. Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?
  • a)
    The sale is not valid because Jackson did not transfer possession.
  • b)
    The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.
  • c)
    The sale is valid before the expiration of the three-month period.
  • d)
    It is merely an agreement to sell and not an actual sale.
Correct answer is option 'B'. Can you explain this answer?
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Directions: Read the following passage and answer the question.Section...
The agreement of sale becomes valid once the specified time period has elapsed. The transfer of property occurs when Michael takes possession of the bicycle. Therefore, this constitutes a legally valid sale.
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Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Rowland purchased a second-hand motor vehicle from Divall and used it for a period of four months. However, Divall did not have legal ownership of the car, and as a result, Rowland had to return it to the actual owner. Rowland decided to take legal action to recover the full purchase price he had paid to Divall. Will Rowlands legal claim be successful?

Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Ram gave his watch to Shyam as a gift. Subsequently, Ram decided to reclaim it, asserting his ownership. Shyam disputed this, citing ownership through a sale. Is Shyams assertion valid?

Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Ganesh did not have physical possession of the headphones at the time of the agreement when he agreed to sell them to Anmol. However, he committed to delivering them within two months. Within the specified two-month period, Ganesh received the headphones and handed them over to Anmol, who rejected the delivery, asserting that it was not a valid sale because Ganesh did not possess the headphones at the time of the agreement. Is this sale legally valid?

Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.What is the key difference between a sale and an agreement to sell, as defined in Section 4 of the Sale of Goods Act?

Passage:In the 1850s, around the time the Indian Contract Act was about to be drafted, consideration was on its way to becoming a ‘mere technicality’ and could very well have ‘withered away altogether’. It should not be surprising then that framers of a midnineteenth century contract code, beginning tabula rasa, might have wished to fundamentally shake up the rules relating to consideration. Indeed, as Ibbetson argues, ‘a codifying system might legitimately have discarded consideration as inconsistent with the newly imposed legal model’ – an option ‘not open to the Common law.’ But like the ingenious common law reformers in England, the drafters continued to pay ‘lip service’ to the idea of consideration and the ‘reciprocity’ underlying it. They did indeed retain the traditional doctrine’s outer crust of reciprocity: an act or abstinence or promise on the ‘other side’, as it were, but they tweaked this in important ways. The framers of the Act, like the English Courts of the day, made it very easy to find consideration by defining it in capacious terms, which included any act or abstinence or promise, regardless of benefit or detriment. Perhaps, they too, like the Law Revision Committee, were mindful of the fact that a root and branch abolition of the doctrine might arouse ‘suspicion and hostility’ and hence decided to ‘prune away from the doctrine those aspects of it that create hardship’. They also provided that no question of adequacy of consideration could ever be raised. However, the definition under the Indian Contract Act did more than that – Section 2( d) had other elements that lent it the makings of marking the vanishing point of consideration.The definition of consideration under the Indian Contract Act, with its copula ‘at the desire of’, appears to have been calculated to preempt potential hair splitting over whether the consideration in any given case was indeed valuable in the ‘eye of the law’. The idea at play here is that of the subjective theory of value: that the Courts would not second-guess whether any consideration was actually valuable – what the promisor desired is what he got and that settled conclusively the matter of the value of consideration. This was one of the effects of the influence of the will theory on the traditional exchange model of consideration.Q.Which of these is true?

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Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer?
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Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.Section 4 of the Sale of Goods Act, 1930 specifically deals with sale and agreement to sell. It expresses that, firstly, an agreement to sell products is an agreement whereby the merchant moves or consents to move the property in merchandise to the purchaser at a cost. There might be an agreement of offer between one section proprietor and another. Secondly, an agreement to sell might be total or restrictive. Thirdly, where under an agreement to sell, the property in the merchandise is moved from the seller to the buyer, the agreement is known as a sale, yet where the exchange of the property in the products is to happen at a future time or subject to some condition from that point to be satisfied, the agreement is called an agreement to sell. Lastly, an agreement to sell turns into a sale when the time slips by or the conditions are satisfied depending upon which the property in the merchandise is to be moved.Section 4(1) defines sale as a contract, whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price or consideration. Thus, it happens in the present.Such an event of sale is fixed, conditional and binding upon both the parties. A contract of sale is made by an idea to purchase or sell merchandise at a cost and the affirmation of such an offer. The existing goods mostly form the subject of the contract of sale. However, the goods could also be owned or possessed by the seller of future goods.Title is an important condition precedent to the sale. If it is not with the seller, then the sale will not be valid unless the condition stipulated is with respect to future goods but will be only an agreement to sale. In such a condition, the seller will be liable to compensate for any loss to the buyer.An agreement to sell can be defined as the transfer of property in goods that is to take place in future time or the transfer might take place depending on the fulfillment of certain conditions. The same had been defined in Section 4(3). An agreement to sell also becomes a sale when the given time elapses or the conditions that are needed for the transfer to happen get fulfilled. Thus, an agreement to sell establishes the terms and conditions of the offer of a property by the seller to the buyer.[Extracted with edits and revisions from Sale and Agreement to Sell: An Analysis of Statutory Provisions, blog by ipleaders]Q.Jackson proposes to sell his bicycle to Michael for an agreed consideration of Rs. 50,000, with the understanding that the sale will take effect after a three-month period from the agreement date, which is November 1, 2019. Michael paid the agreed amount for the bicycle and acquired possession of it on February 2, 2020, asserting ownership through the sale. Is this sale legally valid?a)The sale is not valid because Jackson did not transfer possession.b)The sale is valid since the condition was met, and possession was transferred to Michael only after the three-month period.c)The sale is valid before the expiration of the three-month period.d)It is merely an agreement to sell and not an actual sale.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.
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