The Difference Between a Sale and a Contract to Sell

question 1

Multiple Choice

The difference between a sale and a contract to sell is that:

• A)a sale involves an immediate transfer of title from one party to another while a contract to sell does not.
• B)a sale always requires the price to be paid up front by the seller while a contract does not.
• C)a contract to sell involves the immediate transfer of title from one party to another while a sale does not.
• D)a contract to sell involves the immediate transfer of cash to the seller while a sale does not.

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Definitions:

Immigrant

A person who moves to a country other than their own for the purpose of permanent residence.

Void

Describes a contract or legal agreement that has no legal force or effect and is unenforceable.

Mistake

An error about some aspect of a contract that destroys consensus.

Contract

An agreement between two or more parties that is legally binding and creates reciprocal obligations that can be enforced by law.