Sales Agreement

Absolute Sale
An absolute sale is a transaction where the ownership of property is transferred to the buyer immediately upon the completion of an agreement between the seller and the buyer.
Conditional Sale
A conditional sale is a sales agreement where the sale is dependent on the fulfillment of a particular condition, typically the full payment of the purchase price. The buyer gains possession and the right to use the goods, but the transfer of title is postponed until the condition is met.

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