Writing Resources
When buyers and sellers transact business with clear terms a contract is said to have been established for the purpose of the said transaction The contract so established will be binding on both parties in respect of the good price mode of payment quantity and quality delivery terms and many more These terms will form the very fundamentals of the contract of the sale Violation of the terms so agreed by either party to the contact will constitute a breach of the sale agreement and will entitle the injured party the right to seek remedy for losses suffered The rights of the injured party resulting from such breaches are personal rights In general all parties to a sale agreement have an obligation of performance towards one another but in circumstances where one party fails to meet or performs its obligation towards the other this will then provoke the right of the other party The remedies that may accrue to the injured party may take the form of specific performance repudiation of the contract damages in the form of money In the Ghanaian jurisdiction the law that governs sale transactions is embodied in a document known as the Sale of Goods Act 1962 Act 137 hereafter referred to in this paper as
