Sale | Exchange |
It is a unilateral transaction where one party transfers the property to another in consideration of monetary value. | An exchange involves a mutual transfer of ownership of two properties between the parties involved |
In a sale, the ownership of the property is transferred from the seller to the buyer. The buyer becomes the new owner of the property. | In an exchange, there is a mutual transfer of ownership. Each party becomes the owner of the property received in exchange. |
The sale price is determined based on negotiation between the buyer and the seller or market value. The price is usually monetary and represents the agreed-upon value of the property being sold. | The values of the properties being exchanged may or may not be equal. The parties involved negotiate and agree upon the relative values or make additional payments to equalise the exchange. |
What are the Principles of Lending Followed by Banks?
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March 5, 2021
2021-03-05T00:15:41+00:00 2023-10-25T17:58:12+00:00Comment
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Banking
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