TaxTMI 
TaxTMI 
Valuable consideration
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....he title to the goods. The price would include not only the price of the goods but also the expenditure incurred for transporting the goods, duties levied, etc. The entire amount of consideration including the sales tax component which the purchaser pays, constitutes the price of goods. As already noted, the expression "price" under the Sale of Goods Act is limited to a money consideration, cash o....
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....draft, promissory note, etc. are species. Money has a wider connotation to include a valuable consideration in the form of money or a payment in monetary terms which is the price for the transfer of property paid. Thus, a valuable consideration is also a species of money which is the consideration for the transfer of goods under the sales tax enactments. The object and purpose of including the ex....
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....he definition of "price". Benjamin's Sale of Goods, Eighth Edition, states that- * the consideration in a contract of sale of goods must in English law, be a price in money, either paid of promised. By money is meant legal tender; it does not mean money's worth. Payment need not, however, be made in cash: a method of payment that enables the seller to obtain money such as the use by the buyer o....