Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:

Which of the following condition is NOT essential to constitute a sale?

Options:

There should be two different parties- the seller and the buyer.

Both the parties should be competent to transfer.

Consideration for the transfer should be money or money's worth.

None of the above

Correct Answer:

Consideration for the transfer should be money or money's worth.

Explanation:

The following are the essentials for a sale to be valid:
a. There should be two different parties- the seller and the buyer;
b. Both the parties should be competent to transfer;
c. The property to be transferred should be in existence;
d. Consideration for the transfer should be money;
e. The contract should be in accordance with law.