Oct 09, 2024Home Ally
What's The Difference Between Sale and Agreement to Sell?
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Frequently Asked Questions
1. What is the difference between an Agreement to Sell and Sales?
Ans: In an Agreement to Sell, ownership is transferred at a future date or when conditions are met, while in a Sale, ownership is transferred immediately.
2. What is the difference between a Sale and a Hire Purchase Agreement?
Ans: In a Sale, ownership passes immediately upon payment, while in a Hire Purchase Agreement, the buyer gets possession but ownership is transferred only after all installments are paid.
3. What is the difference between an Agreement and a Contract?
Ans: An Agreement is a mutual understanding between parties, while a Contract is a legally binding agreement enforceable by law.
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