Legal Question in Business Law in India

enters into a contract on 1st September, 2007 to sell to B 1000 tons of mustard oil to be produced during the winter season and to be delivered on 20th February, 2008. Whether it is a valid contract of sale. If yes, tell whether it is a sale or an agreement to sell? Explain with reasoning.


Asked on 6/15/13, 11:02 am

3 Answers from Attorneys
Adv Meenal Kashyap M Kashyap & Associates

Please post academic questions on academic forums

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Answered on 6/15/13, 1:27 pm
muhamed mustaque mk associates

once an offer is accepted it is a valid agreement and when it is performed it becomes sale

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Answered on 6/15/13, 11:58 pm
Yash Kumar Yash Kumar & Co.

Dear Sir,

It is a contingent contract and depends on various factors. It is a valid "Agreement" and it is Agreement to sell. A valid agreement enforceable by law is a contract. When the terms and conditions as enumerated in the Agreement to sell is completed then it became Sale.

Thanks

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Answered on 6/17/13, 12:06 am


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