The Sales of Goods Act, 1930 - Summary
The Sales of Goods Act, 1930 is an important law that governs the contract of sale of goods in India. This law outlines how a seller transfers or agrees to transfer the ownership of products to a buyer for a price.
A ‘contract of sale’ is a broad term that includes both a sale and an agreement to sell.
Understanding the Sale of Goods Act, 1930
The Sale of Goods Act, 1930 sets the rules for transactions involving goods and aims to protect the interests of buyers and sellers.
Meaning of Goods [section 2(7)]
The term “goods” refers to all movable property, except actionable claims and money. This includes various items such as:
Invest and Share
Growing crops, grass, and other things attached to or forming part of the land, which are agreed to be served before or under the terms of the selling contract.
Essential Elements of a Valid Contract
Since a contract of sale is a specific type of contract, it must include all the basic elements of a valid contract as defined by Section 10 of the Indian Contract Act, 1872, along with the aforementioned special conditions.
For those looking to gather more information about The Sales of Goods Act, 1930, you can download the PDF from the link provided below. This document will help you understand the law better and assist you in your studies or work related to the sale of goods. Don’t miss this opportunity to enhance your knowledge!
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Payment of Bonus Act,1965
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