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Sale of future goods is known as:
Sale of future goods is known as:
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An agreement to sell can be described as the transfer of property in commodities that will occur in the future or will occur subject to the fulfilment of specific criteria. When the time limit for the transfer expires or the criteria for the transfer are met, the agreement to sell becomes a sale. As a result, an agreement to sell specifies the terms and circumstances of the seller’s offer to the buyer of a property.