Under section 4(3) of the Sale of Goods Act, 1930, what is a contract of sale called when the transfer of property in the goods is to take place at a future time or subject to a condition to be…

Section 4(3) of the Sale of Goods Act, 1930 calls the contract a sale where the property passes at once, and an agreement to sell where it is to pass at a future time or on a condition being fulfilled; under section 4(4) an agreement to sell becomes a sale when that time elapses or the condition is met. A hire-purchase agreement and a bailment deliver possession without making a contract of sale at all.