LessonsResale Before Possession, Re-measurement and Price AdjustmentsQuiz

The sale object is what is transferred; the price is the consideration owed for it. A rule restricting resale of an unreceived object cannot automatically be transferred to every price claim.

Quduri next permits disposition of the price before its receipt. Here the discussion concerns an ordinary price claim or consideration in a sale; currency-exchange contracts governed by their own possession rules are a separate matter.

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Sale object versus purchase price

Resale Before Possession, Re-measurement and Price Adjustments

The sale object is what is transferred; the price is the consideration owed for it. A rule restricting resale of an unreceived object cannot automatically be transferred to every price claim.

Quduri next permits disposition of the price before its receipt. Here the discussion concerns an ordinary price claim or consideration in a sale; currency-exchange contracts governed by their own possession rules are a separate matter.