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Welcome to eGyanKosh’s Unit-16 on the Nature of Contract of Sale, a comprehensive resource designed to enhance your understanding of one of the fundamental concepts in commerce and law. This study material, available for free download, is tailored specifically for students of Indira Gandhi National Open University (IGNOU) as part of the 2025 curriculum. Explore the intricacies of sales contracts, including essential definitions, key characteristics, and the legal implications that govern these transactions. Whether you are preparing for exams or seeking to deepen your knowledge, this unit serves as an invaluable tool for your academic journey. Download the material now and take your first step towards mastering the concept of contracts in the realm of sales!