SEBI Act

Legal Stream (SEBI)

Title

45:30

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38 of 100 completed

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Indian Economy - Understanding the basics of Indian economic system

What is the difference between sale and exchange:

In case of sale, the price is not essential, while in exchange one specific property is transferred for another.

In case of price is to be paid by cheque only while in exchange no cheque is required.

In case of sale the price is not the sole consideration, while in exchange the properties are the main consideration.

In case of sale, the price is paid in money while in exchange one specific property is transferred for another.

In case of sale, the price is paid in money while in exchange one specific property is transferred for another.