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Under Section 4(1), a contract of sale of goods is one whereby the seller transfers or agrees to transfer the property in goods to the buyer for:
AA promise to render services
BAny consideration including goods
CA price (money consideration)
DMutual love and affection
Answer & Solution
Correct answer: C. A price (money consideration)
Section 4(1) requires a money consideration (price); exchange of goods for goods is barter, not sale, though part-money-part-goods is a valid sale.
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