When goods are given by the buyer as consideration for the goods received from the seller it is call...........

Indian Partnershoip Act (IPA) 1930 Miscellaneous Provisions

When goods are given by the buyer as consideration for the goods received from the seller it is called —

Sale

Agreement to sell

Barter

Bailment.

- Option 1: Sale

- A sale is a transaction where ownership of goods is transferred from the seller to the buyer for a price in money.

- Option 2: Agreement to sell

- This is a legal agreement where the transfer of goods will happen at a future date or upon fulfillment of certain conditions.

- Option 3: Barter

- In a barter system, goods are exchanged directly for other goods without using money as a medium.

- Correct Answer: Barter

- Option 4: Bailment

- Bailment is a different concept involving the temporary transfer of possession, not ownership, of goods from one person to another.

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