Sale - Law Dictionary Search Results
Contract of agency and contract of sale
Contract of agency and contract of sale, a contract of agency, differs essentially from a contract of sale inasmuch as an agent after taking delivery of the property does not sell it as his own property but sells the same as the property of the principal and under his instructions and directions. Furthermore, since the agent is not the owner of the goods, if any loss is suffered by the agent he is to be indemnified by the principal, Bhopal Sugar Industries Ltd. v. S.T.O, (1977) 3 SCC 147 (151). [Sate of Goods Act, 1930, s. 4]...
Full value of the consideration for which the sale is made
Full value of the consideration for which the sale is made, In the case of sale for a price, there is no question of any market value unlike in the case of an exchange. Therefore in cases of sales to which the first proviso to sub-s. (2) of s. 12B is not attracted, all that one has to see is what is the consideration bargained for, C.I.T. v. Gillanders Arbuthnol, AIR 1973 SC 989 (996). [Income-tax Act, (11 of 1922), s. 12B (2)]...
Goods, sale of
Goods, sale of. See SALE OF GOODS ACT....
On sale bar
On sale bar, means a statutory bar prohibiting patent eligibility if an invention was sold or offered for sale more than one year before the filing of a patent application, Black's Law Dictionary, 7th Edn., p. 1117....
Absolute sale
Absolute sale, means a sale in which possession and title to the property pass to the buyer immediately upon the completion of the bargain, Black Law Dictionary, 7th Edn., p. 1337....
Sale and agreement to sell
Sale and agreement to sell, an agreement to sell is a contract pure and simple whereas a sale is contract plus conveyance, Instalment Supply Ltd. v. S.T.P., Ahmedabad-1, AIR 1974 SC 1105: (1974) 4 SCC 739: (1975) 1 SCR 386....
Sale embraces
Sale embraces, includes consumption by a retail dealer himself of motor spirit or lubricants sold to him for retail sale was beyond the competence of the State legislature, Indian Steel & Wire Products Ltd. v. DN Roy, (1964) 68 Cal WN 998....
Sale of business doctrine
Sale of business doctrine, means the outmoded rule holding that the transfer of stock incident to the sale of a business does not constitute a transfer of securities, Black's Law Dictionary, 7th Edn., p. 1339....
Sale, Bill of
Sale, Bill of. See BILL OF SALE....
Subsequently to the sale or lease
Subsequently to the sale or lease, this clause cannot be restricted in its application to cases where actual sale or lease or property had taken place, Sila Chandra Sekharam v. Ramchandra Sahu, AIR 1964 SC 1789: (1964) 7 SCR 858....
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