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According to Section 4(3) of the Sale of Goods Act, “Where under a contract of sale, the property in the goods is transferred from the seller to the buyer; the contract is called a sale.” In this case, the ownership of the goods is immediately transferred from a seller to a buyer and the buyer becomes the owner of the goods.



Sharma sells his car to Varma for ₹ 50,000. It is a sale, as the ownership of the car has been transferred from the seller Sharma to the buyer Varma for a price of ₹ 50,000.

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