The differences between sale and agreement to sale are as bellows;

Sale

Agreement to sale

1. Where ownership of the goods is transferred immediately at the time of contract, there is a sale of goods or an executed contract.

1. Where there is an agreement to transfer the ownership of the goods in future there is an agreement on sale of goods.

2.      This is current selling contract.

2.      This is the agreement to sell the goods in future.

3.      Ownership of goods is transferred at the time of contract.

3.      Ownership of goods is transferred in the future.

4.      Ownership or possession lies with buyer.

4.      Ownership lies with the seller.

5.      The seller may file a suit against the buyer for price.

5.      Buyer may file a suit against the seller for indemnity.

6.      After payment the goods in possession of the seller can not be sold.

6.      The seller can sell the same goods again to another buyer.

7.      The seller can sell specific and existing goods.

7.      The seller can sell future contingent and unascertained goods.

8.      The buyer will be responsible for the loss of goods after the sale.

8.      The seller will be responsible in case of a loss of the goods.