Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. Thus, the term “condition” could be more associated with the immediate sale, while the term “guarantee” could be more associated with the sale agreement. Subsequently, we also note that section 13 of the aforementioned law is also inclined to the sale of the agreement, as it stipulates that if a condition can be treated as a guarantee. The essential sale contract is as follows: in the present case of Jayakantham e.a. v. Abaykumar, the Tribunal issued a special benefit to the respondent`s purchaser, which was confirmed by the senior district judge in the appeal proceedings and by the High Court of Madras in the second appeal proceeding. However, the Supreme Court took a contrary position and overturned the Concrete Performance Order. “Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally. We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation. On the chance off that the products are destroyed, misfortune is carried by the buyer, even though the merchandise is in the seller`s possession. The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions. This agreement itself therefore does not create any rights or interests on the property for the proposed buyer.
Signing a purchase agreement becomes important given several factors. First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute. Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. In the sale agreement, the parties agree to exchange the goods for a price that depends on compliance with certain conditions at a later date.