Distinction between a sale and an agreement to sale.
Basically there are 6 parameters and based on those parameters we will distuct a sale from an agreement to sale. Let’s discuss about the 6 parameters:
- Transfer of risks
- Transfer of ownership
- Remedial measure 1.legally binding and the buyer can seek remedies for breach.2.creates an obligation and failure to fulfill may result in damage
- Nature of contract
- Insolvency
- Transfer of price
I think this article will help to know that what is a sale and an agreement to sale. Also the basic distinction between them.