Sunday, February 21, 2016

SGA [SLIDE-20]

Essential elements of a contract of sale and an agreement to sell
X= Weather it is a contract of sell and
Y= Weather it is an agreement to sell
  1) Movable goods:
X or Y  the subject matter of the contract has to be movable goods.
Example:
Royalty, grass, growing crop, standing timber, government promissory notes etc. are movable goods.

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