The act of buying and selling collectively form a contract. True or False

Business

1 answer:

lutik1710 [3]4 years ago

6 0

Answer:

The given statement is True, The act of buying and selling collectively form a contract.

Explanation:

It is a general concept that whenever a thing is sold, there must be a buyer to buy it, which means that for every selling product, there will be a buyer. Without the presence of a buyer, nothing can be sold. So commonly the process of selling and buying involves two parties. So when the act of buying and selling takes place, we can say that a contract is formed which tells us the deed between both parties and give information about the buyer as well as the seller. So the act of buying and selling collectively form a contract which tells us that who is selling to whom and what is being sold and at what price with the consent of both parties.

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