Question

A contract of sale of goods under Section 4 of the Sale of Goods Act 1930 comprises of _________.

• A. executory contract of sale
• B. executed contract of sale
• C. both executory and executed contracts of sale
• D. none of the above

Answer 1

The correct option is C both executory and executed contracts of sale

According to Section 4, a contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods.It shows that the expression "contract of sale" includes both a sale where the seller transfers the ownership of the goods to the buyer and an agreement to sell where the ownership of goods is to be transferred at a future time or subject to some conditions to be fulfilled later on.