Question

___ is a transfer of ownership in a property, for a price that is partly paid and partly due.

• A. Bailment
• B. Sale
• C. Exchange of goods
• D. Agreement to sell

Hint:

In contract law, "Sale" refers to the transfer of ownership, while "Bailment" refers to temporary possession without transfer of ownership.

Answer 1

The Correct Option is B

A sale is defined as the transfer of ownership in a property for a price that is partly paid and partly due. This transaction involves an agreement between the buyer and the seller where the ownership rights are transferred once the conditions of the agreement are met.
 

Answer 2

A transfer of ownership in a property, where the price is partly paid and partly due, is known as a sale.

In a sale transaction, the ownership (also called title) of the property is transferred from the seller to the buyer in exchange for a price, which may be paid in full or partly paid with the remaining amount agreed to be paid later.

The key elements of a sale include the transfer of ownership, the existence of a price (consideration), and the consent of both parties.

Thus, when ownership is transferred for a price that is partly paid and partly due, the transaction is classified as a sale.

Conclusion:
Sale is the transfer of ownership in a property for a price that is partly paid and partly due.