With a barter contract, each contracting party undertakes to deliver an exchanged item to the other party, so that the recipient acquires ownership rights, e.g., a computer for a car. The essence of a barter contract is therefore fulfilment through the delivery and transfer of ownership of an item for both contracting parties. The subject of the exchange may also include other transferable rights.²⁵⁶

From a barter contract, each party incurs obligations and rights similar to those arising from a sales contract for the seller. Since a barter contract closely resembles a sales contract, the law simply refers to the analogous application of rules governing the rights and obligations of the seller. ²⁵⁷