Exchange

The exchange is a contract by which the parties mutually transfer ownership of a property.

If the exchanged goods or property are of equal value, we speak of an exchange without consideration, meaning without a sum of money to be given by one party to another to compensate for the difference in value between the goods or property.

If the exchanged goods or property are of unequal values, a cash payment will balance the transaction.

The general rules of sales contract apply to the exchange.