I work in a pvt Ltd. Co. As part of an agreement. Has Co. changed its name, so the question is whether my contract is still enforceable? Even if someone reacts to your statement, it does not mean that a contract has been concluded, if what is true is that the application of an oral contract often leads to situations that are difficult to validate without adequate proof. Due to what can become a battle between the two parties, it is recommended to consult a contractual lawyer and have a written contract drawn up. For example, A is the owner of a grocery store. If he delivers the goods (from the stock to be sold) to his family, there is no sale and there is no contract of sale. This is due to the fact that the seller and the buyer must be two different parties, because a person cannot be both seller and buyer. However, there is a sales contract between the owners. A contract of sale, sometimes referred to as a contract of sale or a contract of sale, is a document that a buyer and seller can seize when a particular commodity or certain goods are sold.
A sales contract allows a seller and a buyer to sketch the conditions of sale of the transferred item(s). A sales contract contains provisions relating to the basic logistics of the sale, such as price and delivery information, but also contains the information necessary for an equitable relationship between the parties, such as the risk of loss.B. In the case of oral contracts, these generally have a shorter limitation period than written contracts. This is due to the need to provide fresher evidence and testimony. However, there is an exception to the general rule that no one can buy their own goods. If a pawnshop sells the goods he has mortgaged in the event of non-payment of his money, the bondholder can buy it pursuant to a decree. 3. Transfer of ownership: the transfer of goods is also part of a contract of sale. The term “ownership of the goods” refers to the ownership of the goods.
In every sales contract, there should be an agreement between the buyer and seller on the transfer of ownership….