A contract where the seller transfers or agrees to transfer property in goods to buyer for a price is called.

Contract of sale
Contract of purchase
Contract of lease
None of the above

The correct answer is A. Contract of sale.

A contract of sale is a legally binding agreement between a buyer and a seller in which the seller agrees to transfer ownership of goods to the buyer in exchange for a price. The contract must be in writing and must include the following information: the names of the buyer and seller, the description of the goods, the price, and the terms of payment.

A contract of purchase is not a legal term. It is often used interchangeably with contract of sale, but it can also refer to a contract in which the buyer agrees to purchase goods or services from the seller.

A contract of lease is a legally binding agreement between a landlord and a tenant in which the landlord agrees to let the tenant use the landlord’s property for a specified period of time in exchange for rent. The contract must be in writing and must include the following information: the names of the landlord and tenant, the description of the property, the rent, and the terms of the lease.

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