JAMB Commerce 1994 Question 35

Question 35

Law of Contract

An agreement to sell is distinguishable from a sale because in the former, the transfer of goods is

  1. A.not anticipated
  2. B.not discussed
  3. C.deferred
  4. D.immediate.
Show the answer and explanation

Answer: C (deferred)

Explanation

In an agreement to sell, ownership passes at a future date or when a condition is met; in a sale it passes at once.