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1.Absolute -- where the sale is not subject to any condition whatsoever and where the title passes to the buyer upon delivery of the thing sold.
2.Conditional -- where the sale contemplates a contingency and where the contract is subject to certain conditions, usually in the case of the vendee, for the full payment of the agreed purchase price.
What else can I help you with?
Distinguish export sales contract and domestic sales contract?
The main difference between export sales contract and domestic sales contract is: 1. Relating to currency issues (both the country have different currency) 2. The second one is law related to export and import dispute (if any dipute arises between two country whose coutry law should be applicable to solve the dispute).
What is the translation of Conditional Sales Contract in french?
sales contract conditional. contrat de ventes sous conditions
What are the kinds of goods in contract of goods in business law?
There are three kinds of goods in contract of goods in business law. 1.existing good a) specific goods b)non specific goods 2.future goods 3.contingent goods
Is barter a sales contract?
A barter agreement can be an oral contract (subject to the statute of frauds) or a written contract.
What specific clause, when signed by all parties to a sales contract, changes the original terms of the contract?
The specific clause that, when signed by all parties to a sales contract, changes the original terms of the contract is known as an amendment clause.
Is forging a sales contract a felony?
Yes
Who are prohibited to give a consent in a contract of sales?
The question is not worded too clearly - but - minors are legally incapable of givng consent to any sales or contract of obligation.
What are the duties of the buyer in a contract of sales of goods?
acceptance
Can you return a car if your spouse didn't sign the sales contract but they released the vehicle to you?
They don't sell cars to "couples" they sell cars to individuals. If there is one name on the contract, and that name has a signature, then the car is sold. They don't care if your spouse is in agreement. The spouse is not a factor in the contract. Yes, this is true provided that your spouses name is not on the sales contract. If you spouse is on the sales contract then it is not completed until he/she signs. -Edward
When does a sales contract come into existence?
A sales contract comes into existence when there is an offer by one party and an acceptance by another party, along with consideration (usually payment) exchanged for the goods or services. Both parties must have the legal capacity to enter into a contract, and the terms must be clear and definite. Additionally, the contract must be for a lawful purpose. Once these elements are satisfied, the sales contract is legally binding.
Can a sixteen year old be held to a legally binding sales contract?
No, they are a minor and the contract cannot be enforced.
Does your boss have to pay you for recurring sales?
depends on the terms of your contract
