Which statement gives the complete rule in section 4(2) of the Sale of Goods Act, 1930 about the forms…
Section 4(2) permits a contract of sale to be absolute or conditional. Section 4(3) separately distinguishes a sale, where ownership transfers, from an agreement to sell,…
Choose your answer
Which statement gives the complete rule in section 4(2) of the Sale of Goods Act, 1930 about the forms a contract of sale may take?
Answer and explanation
Correct answer D
Section 4(2) permits a contract of sale to be absolute or conditional. Section 4(3) separately distinguishes a sale, where ownership transfers, from an agreement to sell, where ownership is to transfer later or when a condition is fulfilled.
Option feedback
Option A
The section also permits an absolute contract of sale.
Option B
The section also permits a conditional contract of sale.
Option C
Section 4(2) gives the classification as absolute or conditional.
Option D
The Act expressly permits either an absolute or a conditional contract of sale.
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