New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A contract of sale of immovable property becomes final

    when:
    A It is converted into an actual sale. Correct Answer Incorrect Answer
    B It is final the day it is made Correct Answer Incorrect Answer
    C It is final if both the parties agree to sale Correct Answer Incorrect Answer
    D It is converted into an agreement to sell. Correct Answer Incorrect Answer
    E Both A and D. Correct Answer Incorrect Answer

    Solution

    We can say that a contract of sale is a broader term where two parties agree to exchange goods in return for a consideration. When the exchange takes place immediately, it is termed as sale. However, when it is supposed to take place in the future, it is known as an agreement to sell.

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