Section 54
Essential elements of Sale:
Essential elements of Sale:
(i) The parties.
(ii) The subject matter
(iii) The transfer or conveyance
(iv) Price – consideration.
(ii) The subject matter
(iii) The transfer or conveyance
(iv) Price – consideration.
If any one of the above elements is missing, it is not a “sale transaction”. Ownership on the one hand and price on the other must exist.
2012 CLC 125 (Baluchistan)
2012 CLC 125 (Baluchistan)
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