Part 3Sale of goods
Formation of contract: Contract of sale
122Contracts of sale may be absolute or conditional
A contract of sale may be absolute or conditional.
When you buy or sell something, you can make a contract. This contract can be one of two types. It can be absolute, which means it's definite and has no special conditions. Or it can be conditional, which means there are certain conditions that need to be met for the contract to go ahead. You can choose which type of contract you want when you're buying or selling something.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6844304.
A contract of sale may be absolute or conditional.