THE SALE OF GOODS ACT

It is law relating to the sale of goods and extends to the whole of India
except the State of Jammu & Kashmir. It came in to force on 01.07.1930.

Formerly the law relating to sale od goods was contained in Section 76 to

123 of Indian Contrcat Act,1872. In 1930 this branch of the law was codifies
in a separate Act viz. The Sale of Goods Act 1930.

1. Buyer – Buyer means a person who buys or agrees to buy goods

2. Seller – means a person who sells or agrees to sell goods
3. Documents of title of goods – Bill of Lading, Dock Warrant,
Warehouse Keepers Certificate, Railway Certificate, Warrant or Order
for delivery of Goods
4. Goods – Goods means every kind of movable property other than
actionable claims and money and includes stock and shares, growing
crops and things attached to or forming part of the land which are
agreed to be severed before sale or under the contract of sale.
5. Future Goods – means goods to be manufactured or produced or
acquired by the seller after the making of the contract of sale.

Contract of Sale of Goods

A Contract of Sale of Goods is a contract whereby the seller transfers or
agrees to transfer the property in Goods to the Buyer for a price.