Sales Contracts Under New Civil Transaction Law
Introduction Sale purchase agreements are common for numerous transactions covering movable and immovable properties. The Civil Transactions Law deals with issues surrounding the sale purchase transactions in a greater detail and fill in the gaps that emanate either due to silence by parties with regards to such transactions or ambiguities in contracts. Conditional Sale The Law deals at length with the situation arising from transactions that provide for deferred payments, price determination based on the prevailing market rate and completion of transaction on fulfilment of conditions etc. For instance, if the sale of property is based on sample, the Law requires the actual property being sold to be identical to the sample and in case the sample is lost or