Question
Legal Studies Question on Laws of Contract
Select the incorrect statement about sale and contract of sale:
A
A sale involves transfer of ownership whereas contract of sale is an agreement to sell
B
Ownership remains vested in the vendor on contract of sale
C
A sale creates a right in personam whereas contract of sale creates right in rem
D
Legal title passes to the purchaser in sale whereas no such title passes in case of contract of sale
Answer
A sale creates a right in personam whereas contract of sale creates right in rem
Explanation
Solution
The correct option is (C): A sale creates a right in personam whereas contract of sale creates right in rem