Contract of Exchange
English Legal System: Contract of Exchange
In the context of the English law, A Dictionary of Law provides the following legal concept of Contract of Exchange : (commutative contract)
A barter contract in which property is transferred from one party to the other in return for other property. No money passes from one party to the other. A contract of exchange of goods is not governed by the Sale of Goods Act 1979.
Compare sale of goods.
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