Business

Question

The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.

1 Answer

  • Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.

    In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.

    • The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.

    Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.

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