MBAL-105: Legal Aspects in Business – Unit 9
Objectives: explain the meaning of a contract of a sale and describe its essential features; distinguish sale from an agreement to sell and hire-purchase agreement; and describe the effect of destruction of goods.
Materials:
The relevant material is available here.
Questions:
- Define a contract of sale. How is a contract of sale different from an agreement to sell?
- Explain the essentials of valid contract of sale.
- What is meant by goods? What are the various types of goods?
- Distinguish between sale and hir-purchase agreement.
- What is the effect of destruction of specific goods on a contract of sale.