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The Sales of Goods Act, 1930
The contract of sale of goods is an agreement in which the seller transfers or agrees to transfer the property in products to the buyer for a price, according to the Sale of Goods Act of 1930.
A ‘contract of sale’ is a broad term that encompasses both a sale and an agreement to sell.
Meaning of Goods [section 2(7)]
The term “goods” refers to all movable property other than actionable claims and money and includes the items listed below.
Invest and Share
Growing crops, grass, and other items attached to or forming part of the land that are agreed to be served before or under the terms of the selling contract.
Essential Elements of a Valid Contract
Because a contract of sale is a unique sort of contract, all of the basic elements of a valid contract as defined by Section 10 of the Indian Contract Act, 1872 must be present in addition to the aforementioned specific fundamental factors.
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