Home › CA Foundation › businesslaw › Sale of Goods — Formation of the Contract of Sale › A 'sale' creates a right against the whole world…
A 'sale' creates a right against the whole world, whereas an 'agreement to sell' creates a right only against a particular person. These are respectively:
ABoth jus in personam
BJus in personam and jus in rem
CJus in rem and jus in personam
DBoth jus in rem
Answer & Solution
Correct answer: C. Jus in rem and jus in personam
A sale creates jus in rem (a real right good against the world); an agreement to sell creates jus in personam (a right only against the other contracting party).
Related questions
The Sale of Goods Act, 1930 came into force on:Under Section 10, where the price is to be fixed by a third-party valuer who fails to do sUnder Section 9, the price in a contract of sale may be fixed by the contract, fixed in a There is an agreement to sell specific goods; before the risk passes and without fault of Under Section 7, a contract for the sale of specific goods is void if, at the time of the Where gold is supplied to a goldsmith to make an ornament, or an artist is asked to paint In a hire-purchase agreement (as distinguished from a sale), the position of the hirer untWhen goods are pledged, the pawnee acquires a 'special property' while the pledgor retains