A contract of sale is distinct from other types of contracts because it has two additional requirements
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Question:
A contract of sale is distinct from other types of contracts because it has two additional requirements for validity. In order for a valid sale agreement to be concluded, the parties must agree on
i) the object of sale and,
ii) the purchase price. Briefly explain what each of these two requirements entails.
Related Book For
Fundamentals of Taxation 2015
ISBN: 9781259293092
8th edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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