Q.Which of the below constitutes the essential element of contract of sale?

All the listed items are essential elements of a contract of sale — option (d).

Under the Sale of Goods Act, 1930, a valid contract of sale must satisfy several essentials:

• Two parties — a buyer and a seller (two distinct persons).
• Price — the consideration must be money.
• Transfer of property — ownership in the goods must pass from seller to buyer. …

All the listed items are essential elements, so the answer is option (d).

Under the Sale of Goods Act, 1930, a contract of sale of goods must satisfy several essentials at the same time:

• Two parties — a buyer and a seller who are different persons.
• Goods — the subject matter must be movable goods.
• Price — the consideration must be money. …