Agreement for selling of a antique article

P.C. Joshi (Querist) 27 September 2012 This query is : Resolved
Dear Friends,

A and B are sibling.
A has been living is ahouse previously owned by a famous Brtish Citizen in prior independence, who sold his house and other belongnings to the forfathers of A and B. A subsequently sold this hiuse to B. B has developed the said house as residence cum musem where collection of various old items of the British Citizen are preserved by him in the said house. A is possession of a knife/sword of the British citizen inherited by him. Now A and B enter into an agreement to sell/but the said knife.sword for a consideration of say rs 2 lacs.

Is the agreement is legally valid ?

Thanks
P.C. Joshi

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Rajeev Kumar (Expert) 27 September 2012
Though it is academic query.The agreement is valid.

R.K Nanda (Expert) 27 September 2012
academic query.

P.C. Joshi (Querist) 28 September 2012

Since knife/sword comes under arms, can sale or purchase of it under a written agreement is legal and enforceable. However the object is lawful i.e. to keep as an antique item in the museum.

Pls share your views