agreement to sell


agreement to sell
An agreement of sale may imply not merely an obligation to sell, but an obligation on the part of the other party to purchase, while an agreement to sell is simply an obligation on the part of the vendor or promisor to complete his promise of sale. Treat v. White, 181 U.S. 264, 21 S.Ct. 611, 45 L.Ed. 853.
It is a contract to be performed in future, and, if fulfilled, results in a sale; it is preliminary to sale and is not the actual sale

Black's law dictionary. . 1990.

Look at other dictionaries:

  • agreement to sell — an agreement by which the time when property is to pass to the person who has agreed to buy is to take place at some future time or subject to a condition. See sale. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • agreement to sell — An executory contract, as distinguished from a completed sale under an agreement of sale. Keogh v Peck, 316 Ill 318, 147 NE 266, 38 ALR 115 …   Ballentine's law dictionary

  • agreement of sale — cf. agreement to sell An agreement of sale may imply not merely an obligation to sell, but an obligation on the part of the other party to purchase, while an agreement to sell is simply an obligation on the part of the vendor or promisor to… …   Black's law dictionary

  • agreement of sale — A completed sale as distinguished from an agreement to sell …   Ballentine's law dictionary

  • agreement — a‧gree‧ment [əˈgriːmənt] noun [countable] 1. an arrangement or promise to do something, made by two or more people or organizations: • Under the agreement, the company will distribute our products in North America. • What happens if the warring… …   Financial and business terms

  • SELL Student Games — is a multisport event that is open for all university and college students all over the world. The name of the games are according to the first letters of the hosting countries, Finland, Estonia, Latvia and Lithuania in their respective languages …   Wikipedia

  • Agreement on Trade-Related Aspects of Intellectual Property Rights — TRIPS redirects here. For the new microprocessor design, see TRIPS architecture. For the German racing driver, see Wolfgang Graf Berghe von Trips The Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) is an international… …   Wikipedia

  • Agreement concerning the Manufacture of, Internal Trade in and Use of Prepared Opium — Infobox Treaty name = Agreement concerning the Manufacture of, Internal Trade in and Use of Prepared Opium long name = image width = caption = type = date drafted = date signed = February 11, 1925 location signed = Geneva date sealed = date… …   Wikipedia

  • sell down the river —    If you sell someone down the river, you betray their trust.   (Dorking School Dictionary)    ***    If you sell someone down the river, you betray a person who trusts you.     When the trade union signed the salary agreement, the workers felt… …   English Idioms & idiomatic expressions

  • sell out —    to betray    But not necessarily for cash:     You ll sell me out fast. And you won t have any five thousand dollars. (Chandler, 1958)    A sell out is such betrayal, or any agreement of which you happen to disapprove, such as the settlement… …   How not to say what you mean: A dictionary of euphemisms


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