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  • Contract of Sale: Group Memb Ers Mba02 09316 2 3 09307 9 8

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    Waqas Butt
    6 views13 pages
    This document summarizes the key elements of a contract of sale. It outlines the essential parts of a contract including the two parties and the transfer of property or goods in exchange for a price. It describes different types of goods that can be sold, the requirements for the seller, and different types of sales. The document also discusses implied conditions and warranties in a contract of sale, as well as the doctrine of caveat emptor. It provides details on terms that may be included in a contract of sale related to the goods, delivery, and price. Finally, it outlines rights and duties of the buyer in a contract of sale.

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    Contract by Farhan

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    This document summarizes the key elements of a contract of sale. It outlines the essential parts of a contract including the two parties and the transfer of property or goods in exchange for a price. It describes different types of goods that can be sold, the requirements for the seller, and different types of sales. The document also discusses implied conditions and warranties in a contract of sale, as well as the doctrine of caveat emptor. It provides details on terms that may be included in a contract of sale related to the goods, delivery, and price. Finally, it outlines rights and duties of the buyer in a contract of sale.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views13 pages

    Contract of Sale: Group Memb Ers Mba02 09316 2 3 09307 9 8

    Uploaded by

    Waqas Butt
    This document summarizes the key elements of a contract of sale. It outlines the essential parts of a contract including the two parties and the transfer of property or goods in exchange for a price. It describes different types of goods that can be sold, the requirements for the seller, and different types of sales. The document also discusses implied conditions and warranties in a contract of sale, as well as the doctrine of caveat emptor. It provides details on terms that may be included in a contract of sale related to the goods, delivery, and price. Finally, it outlines rights and duties of the buyer in a contract of sale.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    Contract of Sale

    members
    Group 1 62
    09 3
    mba02
    d
    me hmoo
    Hassa
    n 09 3 04 3
    mba02
    an Majid 0 79
    Usm 0 93
    mba02
    amayo u n
    an H 0 93 0 28
    Farh mb a 0 2
    er ha ider
    Touqe
    Contract of sale
    • Essentials of contract

    – contract of sale

    – Contract

    – Two parties

    – Transfer of property

    – Goods

    – Price
    Kind of goods
    • Existing goods

    • Future goods

    • Specific goods

    • Unascertained goods

    • Contingent goods
    The seller
    • Require to qualify

    • Owner of goods

    Exceptions

    • Pledgee

    • Finder of lost goods

    • Agent of necessity

    • Unpaid seller
    Ownership and possession
    • Distinguishable and not necessary for the seller

    • The sale

    • Transfer of title

    • In consideration of the payment

    • Promise to pay

    • In terms of money
    Types of sale
    • Sale or return

    • Installment sale

    • Memorandum of sale

    • Sale per aversionem


    • Willing sale

    • Forced sale

    • Judicial sale

    • Sale and return

    • Sale with all faults

    • Sale by description

    • Sale by sample
    • Condition
    – Term of contract

    – Goes to the root of contract

    • Warranties

    – More or less collateral to main object

    – Maybe express or implied


    Implied condition
    • Condition of title

    • Where seller sells goods

    • Sale by description

    • Sale by sample

    • Sale by description and sample

    • Condition for wholesomeness


    Implied Warranties
    • Quite possession

    • Free from encumbrances

    • Disclosure of dangerous goods


    Doctrine of caveat emptor
    • Terms of contract of sale
    » Maybe express or implied

    • About goods

    • About delivery
    » Mode of delivery
    » Schedule of delivery
    » Means of delivery

    • About price
    » Schedule of payment
    » Mode of payment
    • Rights of buyer
    • To take delivery

    • To reject

    • To notice of insurance

    • To examine

    • To sue

    • Duties
    • To accept goods

    • To apply for delivery


    THANK YOU

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