Like Legal Law

Sale of Goods Act, 1930 – First Unit Detailed Analysis 1. Introduction Before 1930, contracts relating to sale of goods were part of the Indian Contract Act, 1872 . To give more clarity, the Sale of Goods Act, 1930 was enacted and came into force on 1st July 1930 . Based on English Sale of Goods Act, 1893 . It governs only contracts of sale of goods (not barter, not services, not immovable property). 2. Meaning of Sale (Section 4) Contract of Sale = An agreement where seller transfers or agrees to transfer ownership in goods to buyer for a price . Two forms: Sale – Immediate transfer of ownership. Agreement to Sell – Transfer at a future date or on condition. Case Law : Rowland v. Divall (1923) – Seller sold a stolen car. Since ownership never passed, buyer got refund. 3. Essential Elements of a Contract of Sale Two parties – Seller and buyer must be different persons. Case : Bharat Petroleum Corp. v. Great Eastern Shipping – A person cannot sell good...