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 of sale between one part-owner and another.

(2) A contract of sale may be absolute or conditional

(3) Where under a contract of sale the property in the goods in transferred from the seller to the buyer, the contract is called a sale, but where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell.

Bare Act PDFs

(4) An agreement to sell becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.

Sale fo Goods Act full Bare Act

Download Sale of Goods Act PDF

WritingLaw
Latest posts by WritingLaw (see all)
WritingLaw » Sale of Goods Act, 1930 » Section 4 Sale of Goods Act Law Study Material
If you are a regular reader, please consider buying the Law PDFs and MCQ Tests. You will love them. You may also support us with any amount you like. Thank You.