The Sales of Goods Act,1930
MR. M. Farani
- Lahore Nadeem law book house
- 190 pages Hardcover
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