As noted above, the sale is immediate, while a sale agreement will be reached in the future based on certain conditions. Thus, at the time of the sale, there is an effective transfer, whereas at the time of the agreement to sell future transfers, there is. Risks are transferred immediately into the sale, while in the sales contract, risks are attached to the seller until the goods are transferred in the future. The sale is an executed contract, while the sales agreement is a contract of execution. “Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).” In addition, Section 9 deals with product pricing. Therefore, when a sale takes place, a transfer is immediate and the price is therefore safe and fixed, whereas, under certain conditions, the price is determined according to the circumstances of a particular case, so that a sale agreement is reached, but the sale does not take place. Most of the existing products come from the purpose of the sales contract. However, the goods could also be in possession or possession of the seller or future goods. What are the differences between the Sale/Sale and Expression of Interest (EOI) agreement? Thank you very much. Purchase In the purchase of the contract, the goods are immediately transferred to the buyer. On-demand contract In this case, the goods sold will be transferred at a given time. Signing a purchase agreement becomes important given several factors. First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute.
Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. In the sale and agreement to sell the condition and guarantee, as defined in section 12 of the law, which also plays an important role. In paragraph 12, paragraph 2, the condition is defined as an essential provision to the main purpose of the treaty. Whereas in section 12, paragraph 3, the guarantee is defined as a guarantee for the main purpose of the contract and a breach of contract may entitle you to damages, but not to the right to refuse the goods and to the final contract. Sale In the event of a breach of the sales contract is observed by the seller, the buyer can sue him for damages as well as the merchandise in the hands of a third person.