The buying and selling operation are simply those activities or transactions carried out by buying and selling for this to take place, buyers and sellers enter into contracts. A contract is an argument entered into by two or more persons intended to be legalized by the court.

SALES CONTRACT

A sale contract is when the seller agrees to transfer goods or render services to the buyer for money. A sale contract can be an actuall sales or an agreement to sell.

AN ACTUAL SALES CONTRACT

An actual sales contract is when the buyer becomes the owner of the good immediately.

AN AGREEMENT TO SELL

An agreement to sell is when the buyer becomes the owner of the good at a feature date i.e when the condition are fulfilled.