Essentials of a Contract of Sale

The article is penned by Arshita Jain an affiliated student of Symbiosis Law School, Noida explaining the value of the contract of sale in carrying out any purchases amongst the buyer and the seller. These relationships can also be that of purchaser with the dealer, supplier, retailer, vendor or shop seller. When the buyer purchases any product with a bill receipt abiding by all the legal formalities and legal validities, one is said to enter a binding contract and can file a case against the seller in case of any defects in the item and their receipt of payment acts as a proof to the transaction. Similarly, the seller can sue the buyer in case the buyer is unable to complete the formalities of any sale.