1 Distinguish a sale from other kinds of transactions that a

1. Distinguish a sale from other kinds of transactions that affect goods.

Solution

ANSWER:

A contract of sale of goods refers to a contract wherein the seller agrees or transfers the property in goods to the buyer for a money consideration known as price

A mortgage refers to the transfer of the general property in the goods to the mortgagee from the mortgagor to secure a debt

A pledge refers to the goods delivery by one individual to another for securing payment of a debt. It differs from a mortgage because pledge only obtains a special property necessary to secure the rights and a mortgagee obtains the general property in the goods