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. The Transfer of Ownership Act of 1882, which governs the purchase and transfer of real estate, defines the sale contract or a sales contract as sub: in the event of the seller`s failure to sell or return the property to the buyer, the buyer obtains a right to a special benefit under the provisions of the Special Discharge Act of 1963. A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer. “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. 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. 14. That Contracting Party No. 1 admit that this sale agreement remains irrevocable and that Part 1 will not revoke or cancel it in any future. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation.
Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. At WITNESS WHEREOF, the two parties signed this agreement in the presence of the following witnesses: The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries Ltd (P) Ltd (2) against the State of Haryana, while they surrendered with the validity of the sale of real estate by proxy, held on to: 13. That Party No. 2 after receiving the full consideration of the sale of the deal ———— part 2 and after Part 2 paid/deposited the total balance, Part 2 has no other act to do, unless it is transmitted by Part 1 as part 2, to perform the act of transmission either by Part 1 or, if it is authorized on a specified date.