to pass from one person to another. The seller and the buyer must be different persons. A personcannot buy his own goods. However, a part-owner may sell to another part-owner.
A partnership firm was dissolved and the surplus assets, including some goods, weredivided among the partners in specie. The sales-tax officer sought to tax this transaction. Held, thistransaction did not amount to sale. The partners were themselves the joint owners of the goods andthey could not be both sellers and buyers. Moreover, no money consideration was promised or paid byany partner to the firm as consideration for the goods allotted to him.2.
Transfer or agreement to transfer the ownership of goods.
In a contract of sale, it is theownership that is transferred (in the case of sale), or agreed to be transferred (in the case of agreement to sell), as against transfer of mere possession or limited interest (as in the case of bailment or pledge).3.
The subject matter of the contract must necessarily be goods.
The sale of immovableproperty is not covered under Sale of Goods Act. The expression 'goods' is defined in Sec.2(7).4.
Price is the consideration of the contract of sale.
The consideration in a contract of sale hasnecessarily to be 'money', (i.e., the legal tender money). If for instance, goods are offered as theconsideration for goods, it will not amount to sale. It will be called a 'barter'.
3. Describe the main features of Consumer Protection Act 1986.
In 1986, the consumer protection act bill was forwarded in the Lok Sabha by Mr. H.K.L Bhagat. Themain aim of the bill was to make provisions for the establishment of consumer protection councils atthe districts, states and national levels. But, in order, to get benefited with this act, as a consumer,you first need to understand who a consumer is.
Who is a consumer?
Generally, when you purchase something you become a buyer or a
. But, according to theconsumer protection act, you can only be termed a consumer when you buy goods or services for thepurpose of consumption. It is important to mention here, that, if you purchase any goods or servicesfor resale you cannot be termed a consumer. For the sake of your understanding let us consider anexample. Suppose, if you purchase a four wheeler motor car for doing some businesses like sendingchildren to school and in turn charge some monthly fees for giving the service then you will not be