General Business Laws

This post has 1,363 views.

Q: What is (the definition of) a transaction of sale? A: It is the exchange of one commodity for another commodity with the (happy) consent of the transactors. Q: How is a sale contracted? A: A sale is contracted with offer and acceptances which is effected in the past tense (i.e. the words used for offer and acceptance is to be in the past tense). It will be as though one of the transactors (contractors) is saying: ‘I sold (this article) … [Read more...]