Sale of Goods Act, 1930

CHAPTER I – PRELIMINARY 1. Short title, extent and commencement. (1) This Act may be called the Sale of Goods Act, 1930. (2) It extends to the whole of India (except the State of Jammu and Kashmir) (3) It shall come into force on the 1st day of July, 1930. SaleKEEP READING

2. Definitions. In this Act, unless there is anything repugnant in the subject of content- (1) “buyer” means a person who buys or agrees to buy goods, (2) “delivery” means voluntary transfer of possession from one person to another; (3) goods are said to be in a “deliverable state” when theyKEEP READING

3. Applications of provisions of Act 9 of 1882. The unrepealed provisions of the Indian Contract Act, 1872 save insofar as they are inconsistent with the express provisions of this Act, shall continue to apply to contracts for sale of goods. Sale fo Goods Act full Bare Act Download SaleKEEP READING

CHAPTER II – FORMATION OF THE CONTRACT CONTRACT OF SALE 4. Sale and agreement to sell. (1) 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. There may be a contract ofKEEP READING

FORMALITIES OF THE CONTRACT 5. Contract of Sale how made. (1) A contract of sale is made by an offer to buy or sell goods for a price and the acceptance of such offer. The contract may provide for the immediate delivery of the goods or immediate payment of theKEEP READING

SUBJECT MATTER OF THE CONTRACT 6. Existing or future goods. (1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods. (2) There may be a contract for the sale of goods the acquisition ofKEEP READING

7. Goods perishing before making of contract. Where there is a contract for the sale of specific goods, the contract is void if the goods without the knowledge of the seller have, at the time when the contract was made, perished or become so damaged as no longer to answerKEEP READING

8. Goods perishing before sale but after agreement to sell. Where there is an agreement to sell specific goods, and subsequently the goods without any fault on the part of the seller or buyer perish or become so damaged as no longer to answer to their description in the agreementKEEP READING

THE PRICE 9. Ascertainment of price. (1) The price in a contract of sale may be fixed by the contract or may be left to be fixed in manner thereby agreed or may be determined by the course of dealing between the parties. (2) Where the price is not determinedKEEP READING

10. Agreement to sell at valuation. (1) Where there is an agreement to sell goods on the terms that the price is to be fixed by the valuation of a third party and such third party cannot or does not make such valuation, the agreement is thereby avoided: Provided that,KEEP READING

CONDITIONS AND WARRANTIES 11. Stipulations as to time. Unless a different intention appears from the terms of the contract, stipulations as to time of payment are not deemed to be of the essence of a contract of sale. Whether any other stipulations as to time is of the essence ofKEEP READING

12. Condition and warranty. (1) A stipulation in a contract of sale with reference to goods which are the subject thereof may be a condition or a warranty. (2) A condition is a stipulation essential to the main purpose of the contract, the breach of which gives rise to aKEEP READING

13. When condition to be treated as warranty. (1) Where a contract of sale is subject to any condition to the fulfilled by the seller, the buyer may waive the condition or elect to treat the breach of the condition as a breach of warranty and not as a groundKEEP READING

14. Implied undertaking as to tile, etc. In a contract of sale, unless the circumstances of the contract are such as to show a different intention there is- (a) an implied condition on the part of the seller that, in the case of a sale, he has a right toKEEP READING