Title: The Sales of Goods Act, 1930

Description: The Sales of Goods Act, 1930, is a key piece of legislation in India that regulates contracts related to the sale of goods. Enacted on March 15, 1930, and effective from July 1, 1930, the Act provides a comprehensive legal framework to ensure fairness and clarity in commercial transactions involving movable property.

Key Features:

Definition of Goods: Covers all types of movable property except money and actionable claims.
Contracts of Sale: Differentiates between 'sale' and 'agreement to sell'.
Conditions and Warranties: Defines essential and non-essential terms of a contract.
Transfer of Property: Rules for determining the passage of ownership.
Performance of Contract: Obligations of delivery, acceptance, and payment.
Rights of Unpaid Seller: Includes right of lien, stoppage in transit, and resale.
Remedies for Breach: Provides remedies for both sellers and buyers.

Importance: This Act establishes the legal foundation for sale of goods contracts in India, ensuring structured and equitable commercial practices.

Keywords: Sales of Goods Act, 1930; Contract Law; Commercial Transactions; Movable Property; Indian Legislation; Buyer and Seller Rights; Conditions and Warranties.

Subjects:

Law
Commercial Law
Contract Law
Trade Regulations

Call Number: [To be assigned based on the library’s classification system]

Additional Notes:

The Act embodies the principle of "Caveat Emptor" (Let the buyer beware).
Includes implied terms that protect both parties in a sale contract.
Essential for understanding the legalities of sale transactions in India.

References:

Full text of the Sales of Goods Act, 1930
Commentaries and interpretations by legal scholars
Case law illustrating applications of the Act

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Accession Number: [Library-specific number]