Introduction of the Sale and Goods Act, 1930
The law relating to the sale of movable goods is contained in the Sale of Goods Act. The Act came into force on 1st July .1930. It closely follows the English Act on the subjet.
The name of the act denotes about the introduction itself. It’s mainly works about the matter which are related to sale and goods. Lets see seller and buyer:
Buyer: Buyer means a person who buys or agrees to buy goods.---- Sec:2/1
Seller : Seller means a person who sells or agrees to sale goods.---- Sec:2/13
Goods: The term “goods” includes every kind od property except actionable claim and money.
The Sale of Goods Act has been divided into 7 parts and 66 Sections. Part 1 is from section 1 to 3 and its tells about the preliminary information about the Act. It concludes:
1. Short title, extent and commencement 2. Definitions 3. Application of provisions of Act IX of 1872 |
Part 2 from section 4 to 17 and it is the formation of contract. It includes:
4.Sale and agreement to sell
5.contract of sale how made
6.Existing of future goods
7.Goods perishing before making of contract.
8.Goods perishing before sale but after agreement to sell
9.Ascerteinment of price.
10.Agreement to sell at valuation
11. stipulations as to time.
12. Conditions and warranty.
13. When condition to be treated as warranty
14. Implied undertaking as to title etc
15. Sale by description
16.Implied condition as to quality
17.Sale by sample
Part 3 talks about the effect of contract. It includes sections 18 to 30 such as:
18.Goods must be ascertained
19.Property passes when intened to pass
20. Specific goods in a deliverable state
21. Specific goods to be put into a deliverable state
22. Specific goods in a deliverable state, when the seller has to do anything thereto in order to ascertain price
23. Sale of unascertained goods and appropriation
24. Goods sent on approval or