CREDIT SALE - by Razia

1. PARTIES-   SELLER AND BUYER.

2. OWNERSHIP AND TITE OF GOODS- OWNERSHIP AND TITTLE OF GOODS IS TRANSFERED TO THE BUYER PF THE GOODS.

3. RELATIONSHIP-THE RELATIONSHIP BETWEEN THE SELLER AND THE BUYER OF THE GOODS IS THAT OF A CREDITOR AND DEBTOR.

4. EXPENSES- EXPESES INCURED AFTER SALE OF GOOD ARE BORNE BY THE BUYER.

5. RISK- RISK ATTACHED TO THE GOODS SOLD IS TRANSFERED TO THE BUYER OF GOODS AS SOON AS GOODS ARE SOLD. IN   CASE, THE GOODS ARE DESTROYED AFTER, THE LOSS IS SUFFERED BY THE BUYER.

6. RETURN OF GOODS- RETURN OF GOODS IS NOT POSSIBLE AS GOODS ONCE SOLD ARE NOT RETURABLE.

7. ACCOUNT SALES- NO ACCOUNT SALE IS REQUIRED TO BE SUBMITTED BY THE BUYER TO THE SELLER.

8. UNSOLD GOODS- THE SELLER HAS NOTHING TO DO WITH THE GOODS WHICH COULD NOT BE SOLD.