Any contract to be applicable at future date is executory. Sale is an executed contract.

There is no transfer of ownership in case of sale. It involves transfer of possession only.

It is concerned with transfer of money i.e. loan and can't become an agreement to sale.

There must be at least two parties in a contract of sale, i.e. buyer and seller.

There must be at least two parties in a contract of sale, i.e. buyer and seller.

Actionable claims are not goods as per Sale of Goods Act. All other are covered under the definition of goods.

Price is the most important element in contract of sale. Though all others are also essentials of a sale.

When goods are exchanged for goods, it is called barter. Sale means exchange of goods for consideration in monetary terms. An agreement to sell is also sale but at future date. Mortgage means to pledge goods or property in security of a debt.

When goods are exchanged for goods, it is called barter. The payment in cash fully or partly in consideration is taken as monetary consideration.

The sale may be absolute or conditional both.     

Future goods cannot be applicable in a contract of sale.

In an agreement to sell, seller is to bear the loss. In a contract of sale, buyer is to bear the loss.

Generic or unascertained goods are not identified at the time of contract of sale. Specific goods are those which are identified at the time of contract. Ascertained goods are identified subsequent to such contract. Future goods are yet to be manufactured or acquired.

Future goods are yet to be manufactured or acquired. Contingent goods are dependent on future contingency which may or may not arise. Generic or unascertained goods are not identified at the time of contract of sale. Specific goods are those which are identified at the time of contract. Ascertained goods are identified subsequent to such contract.

Sale includes all kinds of property except money, immovable goods and actionable claims. Birds, old coins are goods.

A hire purchase agreement is neither a sale nor an agreement to sell. It is just like bailment.

The contract becomes void on the ground of impossibility of performance.

In such case, the buyer should pay reasonable price.

A stipulation, which is essential, is a condition. A stipulation, which is collateral, is a warranty.

In case of breach of warranty, the buyer can sue only for damages. In case of breach of condition, the buyer can repudiate the contract or sue for damages.

A sale is always non-gratuitous while a bailment may be gratuitous or not.

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This Act is applicable for movable goods only. Immovable goods and properties are covered under Transfer of Properties Act.