Sale and agreement to sell.

Sale and agreement to sell:

Where under a contract of sale, the property in the goods is transferred from the seller to the buyer, the contract is called a sale but were the transferred of the property in the goods is to take place at a future time or subject to some conditions there fulfilled.

Transfer of property in goods for a price is the principles of the definition of contract of sale.
Essentials of a contract of sale:

The following essentials elements are necessary fr a contract of sale:

1.two parties:

There must be two distinct parties, a buyer and seller, to effect a contract of sale and they must be competent contract.

2.goods:

There must be some goods the property in which is or is to be transferred from the seller to the buyer. The goods which from the subject –matter of the contract of sale must be movable.

3.price:

The considering for the contract of sale, called price, must be money.

4.essentials elements of a valid contract:

All the essentials elements of a valid contract must be present in the contract of sale.