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Selling An Item One Does Not Own
The seller must own the item in question, because a sale is effectively the transfer of ownership, where ownership is measured by risk liability,...
The seller must own the item in question, because a sale is effectively the transfer of ownership, where ownership is measured by risk liability,...
• Adult, meaning both buyer and seller should have reached puberty (with some...
The buyer and seller must both be:
• Sane;
• Adult, meaning both buyer and seller should have reached puberty (with some...
Types Of Offer
Whether an offer from the buyer to the seller or from the seller to the buyer, an offer is of three types: 1) Written offer: Contracts involving...
Whether an offer from the buyer to the seller or from the seller to the buyer, an offer is of three types: 1) Written offer: Contracts involving...
Conditional Acceptance
Acceptance is valid only with respect to the whole offer; the sale would be invalid, for example, if a buyer transacted a part of the saleable item...
Acceptance is valid only with respect to the whole offer; the sale would be invalid, for example, if a buyer transacted a part of the saleable item...
Disclosure On Part Of Seller
The seller is obligated to disclose, as accurately as possible, the item’s relevant qualities, defects and irregularities; any willful...
The seller is obligated to disclose, as accurately as possible, the item’s relevant qualities, defects and irregularities; any willful...
Payment Of Transaction
The amount and timing of payment must be agreed upon before delivery, whether the transaction is on spot or deferred:
• Cash for Goods:...
The amount and timing of payment must be agreed upon before delivery, whether the transaction is on spot or deferred:
• Cash for Goods:...
Delivery Of Goods
The item is the seller’s responsibility until the buyer takes delivery, even if delivery occurs some time after the sale’s execution; once...
The item is the seller’s responsibility until the buyer takes delivery, even if delivery occurs some time after the sale’s execution; once...
Damage In Item During Execution Of Sale
If during a sale’s execution, the item is damaged, destroyed, wrongfully consumed, or in any way reduced in value from the time the sale was agreed...
If during a sale’s execution, the item is damaged, destroyed, wrongfully consumed, or in any way reduced in value from the time the sale was agreed...
Dispute Resolution
In order of precedence, disputes regarding the terms of an agreement should be resolved according to the following:
• Evidence and...
In order of precedence, disputes regarding the terms of an agreement should be resolved according to the following:
• Evidence and...
Ownership Transfer In Contract Of Sale
Once a valid sale occurs, the buyer owns the item. The validity of the sale is a condition for ownership to transfer to the buyer; an aspect of the...
Once a valid sale occurs, the buyer owns the item. The validity of the sale is a condition for ownership to transfer to the buyer; an aspect of the...
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