The exchange has not taken place, the exchange will occur only when Until Kendall sells the car.
A process of taking something from someone on behalf of anything is called an exchange. For example when we purchase a product and in return provide money to the shopkeeper.
The condition which is compulsory by while making an exchange is there should be the presence of both the party in exchange in which one is the giver and another one is the receiver.
Both the parties involved in the exchange are free to accept and reject the offer. There should be fair communication between both parties to successfully close the deal.
The value of exchange should be worthful to another party in terms of market rate, there should be no place for exploitation or fraudulent behavior will be accepted. The consent of both parties is required to take place in exchange.
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