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  • Legal Aspects

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    Mohamed Faizal
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    The performance of a sale involves the transfer of ownership of goods from the seller to the buyer through the delivery of the goods by the seller, acceptance of the delivery by the buyer, and payment by the buyer according to the sales contract. There are different types of goods involved in a sale including existing goods that are available to the seller at the time of contract, future goods that will be produced later, specific goods identified in the contract, and unascertained or contingent goods whose nature is unspecified or depends on future events.

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    LEGAL ASPECTS.docx

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    The performance of a sale involves the transfer of ownership of goods from the seller to the buyer through the delivery of the goods by the seller, acceptance of the delivery by the buyer, and payment by the buyer according to the sales contract. There are different types of goods involved in a sale including existing goods that are available to the seller at the time of contract, future goods that will be produced later, specific goods identified in the contract, and unascertained or contingent goods whose nature is unspecified or depends on future events.

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    © All Rights Reserved
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    12 views1 page

    Legal Aspects

    Uploaded by

    Mohamed Faizal
    The performance of a sale involves the transfer of ownership of goods from the seller to the buyer through the delivery of the goods by the seller, acceptance of the delivery by the buyer, and payment by the buyer according to the sales contract. There are different types of goods involved in a sale including existing goods that are available to the seller at the time of contract, future goods that will be produced later, specific goods identified in the contract, and unascertained or contingent goods whose nature is unspecified or depends on future events.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Performance of Sale

     Sale is transfer the ownership of goods from seller to buyer


     The performance of sale implies
     Delivery of goods by seller
     And acceptance of delivery of goods
     And payment for them by the buyer as per contract made

    Types of Goods:

    1) Existing Goods: Existing goods are available with seller at the time of contract of sale
    2) Future Goods: Future goods are not available with seller at the time of contract
    It will be produced in future (Crop-Paddy-Rice-Wheat)
    3) Specific Goods: These goods are specified in contract by seller to buyer
    4) Unascertained goods: These are goods are not specified in the contract
    5) Contingent Goods: Seller agrees to sell some goods that arrive in particular ship

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