What is the difference between “sale” and “exchange”?

What is the difference between “sale” and “exchange”?

Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

In case of an exchange, money may be transferred for money. There can be no exchange of a thing or property for money, as that would constitute a “sale” of such property or thing. When a property is transferred from one person to another, it will have to be done in the manner of a sale.

Answered on 28 Sep 2018


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