Law · Sale of Goods Act, 1930
Which of the following statements are CORRECT regarding an 'agreement to sell'? I. It is an executory contract where the transfer of ownership happens in the future. II. The risk associated with the goods transfers to the buyer immediately at the time of the agreement. III. If the buyer refuses to pay, the seller can sue for damages for breach, but not for the price until ownership passes. IV. The relationship between the parties immediately becomes that of a debtor and a creditor. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III Only✓
- 2I, III and IV Only
- 3I, II and III Only
- 4II and IV Only
Correct answer
I and III Only
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