Introduction to Contract of Sale of Goods

How is the price fixed in a contract of sale If the price is not decided between the parties,what price the buyer has to pay?

How is the price fixed in a contract of sale If the price is not decided between the parties,
what price the buyer has to pay?

As per Section 2(10) of the Sale of Goods Act, 1930, The money consideration for a sale of goods is known as ‘price’. As per Section 9, the price may be fixedby one or the other of the following modes. It may be expressly fixed by the contract itself. It may be fixed in accordance …

How is the price fixed in a contract of sale If the price is not decided between the parties,
what price the buyer has to pay?
Read More »

Define the term 'Goods' and 'Price' under the Sale of Goods Act

Define the term ‘Goods’ and ‘Price’ under the Sale of Goods Act ?

Goods. The subject matter of the contract of sale must be ‘goods’. Section 2(7) of the Sale of Goods Actdefines goods as “every kind of moveable property other agrees to t than actionable claimmoney, and includes stock and shares, growing crops, grass, and transferred things attachedto or forming part of the land which are agreed …

Define the term ‘Goods’ and ‘Price’ under the Sale of Goods Act ? Read More »

Define a contract of sale of goods. Distinguish between a 'contract of sale and anagreement to sell."?

Define a contract of sale of goods. Distinguish between a ‘contract of sale and an
agreement to sell.”?

Section 4 of the Indian Sale of Goods Act, 1930 defines the contract of sale ofgoods as, “A contract of sale of goods is a contract whereby the seller transfers or agrees totransfer the property in goods to the buyer for a price.”The term ‘contract of sale of goods is a generic term and it …

Define a contract of sale of goods. Distinguish between a ‘contract of sale and an
agreement to sell.”?
Read More »

What is an Auction Sale? Explain the rules regarding Auction Sales?

What is an Auction Sale? Explain the rules regarding Auction Sales?

Auction Sale In an auction sale, the auctioneer invites bids from prospective buyersand the sale is made to the highest bidder. The auctioneer could be the seller himself or hisagent. Advance notice of auction is advertised by the auctioneer to invite buyersto inform them. out the time and place of the auction. An invitation to …

What is an Auction Sale? Explain the rules regarding Auction Sales? Read More »

Define the term "Delivery of Goods". State the different modes of effective delivery of goods ?

Define the term “Delivery of Goods”. State the different modes of effective delivery of goods ?

Delivery means voluntary transfer of possession of goods from one person to another.Delivery of goods sold may be made by doing anything which the parties agree shall betreated as delivery or which has the effect of putting the goods in the possession of thebuyer or his agent. (Section 33, Sale of Goods Act,1930) Delivery of …

Define the term “Delivery of Goods”. State the different modes of effective delivery of goods ? Read More »

Appropriation is a right primarily of the buyer and for his benefit” Comment?

‘Appropriation‘ is a right primarily of the buyer and for his benefit. Section 18 of the Sale of Goods Act provides that “where there is a contract of sale unascertained goods, no property in the goods is transferred to the buyer until and unless the goods are ascertained” For this, the goods have to be …

Appropriation is a right primarily of the buyer and for his benefit” Comment? Read More »