What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. Based on the above definition, it is clear that a sales contract relates to a written commitment to a property that will be transferred in the future to a new owner, subject to the satisfactory implementation of pre-defined terms of sale. In other words, the agreement is not intended to create or include a right to a personal interest in the property for the potential buyer. What a sales contract must create is just for a buyer for a particular property and to satisfactorily fulfill a number of conditions. Like the buyer, the seller can benefit from the right to the buyer`s consideration and thus in turn. In any event, the seller`s failure to question the property, the purchaser enjoys the right to a particular act under a number of provisions that are administered by the Specific Relief Act of 1963.
A similar right is also granted to the seller under the same agreement. Summary: This article analyzes how a sales agreement and a sales file may include the same aspects, but one is applicable in case of litigation and the other has its limits. Let`s be easier to understand. Suppose if you bought a property as part of the sale agreement and you think it will give you title to the property, then that is not true. Only a good state of sale can give you the right to a property. Without a deed of sale, you cannot prove that this property belongs to you. Apart from the limited right granted to purchasers under Section 53A, any sale that does not meet the requirements of Section 54 and Section 55 of the “Transfer of Ownership Act” does not return the title or transfer the interest of the property to the purchaser. You need to think about why we are focusing on these two concepts.