SALE
(PURCHASE) PRICE)
The
consideration agreed to in a contract for the sale of land between a
buyer and seller. It is important to note that the sale price is at
the date of contract (exchange) and not the date of settlement. It
must be clear and determinable. For example, $x/hectare is acceptable
but “10% deposit and the balance to be determined at some time in
the future” is not.
See:
sale
process
consideration