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The Sales of Goods Act-
 1930, An Introduction

       Mercantile Law
MERCANTILE LAWS
• Mercantile laws are the laws that
  govern and regulate trade and
  commerce.
• These law deals with rights and
  obligations of parties to a mercantile
  agreement.


              Mercantile Law:The Sales of   2
                 Goods Act-1930, An
SCOPE OF MERCANTILE
           LAWS
    Indian Mercantile Laws covers various
    Acts such as :
•   The Indian Contract Act,1872.
•   The Sales of Goods Act,1930.
•   The Partnership Act,1932.
•   The Companies Act,1956 .
•   Copyright Act,etc.
               Mercantile Law:The Sales of   3
                  Goods Act-1930, An
The Sale of Goods Act,1930
• Originally,the law relating to the sale
  of goods or movables was contained in
  the chapter VII of the Indian Contract
  Act,1872.




              Mercantile Law:The Sales of   4
                 Goods Act-1930, An
• The     Indian     Contract     Act,1872
  embodied the simple and elementary
  rules relating to the sale of goods. The
  developments of modern business
  relations found the Indian Contract
  Act inadequate to deal with the new
  regulations or give effect to the new
  principles.


               Mercantile Law:The Sales of   5
                  Goods Act-1930, An
• Subsequently the provisions relating to
  the sale of goods contained in the
  Indian Contract Act,1872 was repealed
  and re-enacted by the Sale of Goods
  Act,1930.




              Mercantile Law:The Sales of   6
                 Goods Act-1930, An
• This Act has seen several amendments
  and adaptation orders in due
  course.The latest one of such was the
  Multimodal Transportation of Goods
  Act,1993.




              Mercantile Law:The Sales of   7
                 Goods Act-1930, An
Introduction
• The Sale of Goods Act,1930 was laid
  down to define and amend the law
  relating to the sale of goods or
  movables.The Act came into force on
  the 1st day of July,1930.It extends to
  the whole of India except Jammu and
  Kashmir.

              Mercantile Law:The Sales of   8
                 Goods Act-1930, An
• This Act lays down special provisions
  governing the contract of sale of goods.
  The general law of contract is also
  applicable to contracts for the sale of
  goods unless they are inconsistent with
  the express provisions of the Sale of
  Goods Act.




               Mercantile Law:The Sales of   9
                  Goods Act-1930, An
DEFINITIONS
• Section 2 of the Sale of Goods Act,
  1930 defines the terms which have been
  frequently used in the Act, which are
  as follows –




              Mercantile Law:The Sales of   10
                 Goods Act-1930, An
• Buyer and Seller: ‘Buyer’ means a
  person who buys or agrees to buy
  goods [Sub Section (1)]; ‘seller’
  means a person who sells or agrees to
  sell goods [Sub Section (13)].




              Mercantile Law:The Sales of   11
                 Goods Act-1930, An
• Goods and other related terms
(a)"Goods” means every kind of movable
  property other than actionable claims
  and money; and includes stock and
  shares, growing crops, grass, and
  things attached to or forming part of
  the land, which are agreed to be
  severed before sale or under the
  contract of sale; [Sub Section (7)].

              Mercantile Law:The Sales of   12
                 Goods Act-1930, An
(b) Existing goods are such goods as are
 in existence at the time of the contract
 of sale, i.e., those owned or possessed
 by the seller (Section 6).




              Mercantile Law:The Sales of   13
                 Goods Act-1930, An
(c) Future goods means goods to be
 manufactured or produced or acquired
 by the seller after making the contract
 of sale [Section 2 (6)].




             Mercantile Law:The Sales of   14
                Goods Act-1930, An
(d) Specific goods means goods identified
 and agreed upon at the time the
 contract of a sale has been made
 [Section 2(14)].




              Mercantile Law:The Sales of   15
                 Goods Act-1930, An
(e) Unascertained' goods defined only by
  description and not identified and
  agreed upon.

(f) Ascertained goods have been held to
  mean goods identified in accordance
  with the agreement after the contract
  of sale has been made.

              Mercantile Law:The Sales of   16
                 Goods Act-1930, An
(g) Goods are said to be in a deliverable
  state when they are in such a condition
  that the buyer would, under contract,
  be bound to take delivery of them.




              Mercantile Law:The Sales of   17
                 Goods Act-1930, An
• Delivery - its forms and derivatives:
  Delivery means voluntary transfer of
  possession by one person to another
  [(Section 2(2)].




              Mercantile Law:The Sales of   18
                 Goods Act-1930, An
•    Delivery may be of three kinds,
     which may be enumerated as follows:
(i) Actual delivery: It is actual when the
     goods are physically delivered to the
     buyer.
(ii) Constructive delivery: When it is
     effected without any change in the
     custody or actual possession of the
     thing as in the case of delivery by
     attornment (acknowledgement)
               Mercantile Law:The Sales of   19
                  Goods Act-1930, An
(iii) Symbolic delivery: When there is a
   delivery of a thing in token of a
   transfer of something else.




              Mercantile Law:The Sales of   20
                 Goods Act-1930, An
• "Document of title to goods" includes
  bill of lading, dock-warrant, warehouse
  keeper's      certificate,  wharfingers'
  certificate, railway receipt, multimodal
  transport document, warrant or order
  for the delivery of goods and any other
  document.




               Mercantile Law:The Sales of   21
                  Goods Act-1930, An
• It is used in the ordinary course of
  business as proof of the possession or
  control of goods or authorising or
  purporting to authorise, either by
  endorsement or by delivery, the
  possessor of the document to transfer
  or receive goods thereby represented;




              Mercantile Law:The Sales of   22
                 Goods Act-1930, An
• Mercantile Agent [Sub-section (9)]: It
  means an agent having in the
  customary course of business as such
  agent an authority either to sell goods
  or to consign goods for the purpose of
  sale or to buy goods or to raise money
  on the security of the goods




              Mercantile Law:The Sales of   23
                 Goods Act-1930, An
• Property [Sub-section (11)]: It means
  the general property (right of owner-
  ship-in goods) and not merely a special
  property.




              Mercantile Law:The Sales of   24
                 Goods Act-1930, An
Flow chart
               Sale of goods



Formation of   Performance                    Suit for breach
  Contract      of Contract                     of Contract

        Effects of                  Unpaid
       the contract                  Seller
                Mercantile Law:The Sales of                25
                   Goods Act-1930, An
Formation of the contract



General                      Price

          Subject-                          Conditions
           matter                              &
                                            Warranties

              Mercantile Law:The Sales of                26
                 Goods Act-1930, An
General



                                Formalities of
Contract of sale
                                 The contract

                            Agreement
  Sale
                              to sell
            Mercantile Law:The Sales of          27
               Goods Act-1930, An
Subject- matter


          Goods perishing
           before making
             of contract

  Existing                         Goods perishing
     or                            before sale but
future goods                       after agreement
                                         to sell
               Mercantile Law:The Sales of           28
                  Goods Act-1930, An
The Price




Ascertainment               Agreement
      of                       to sell
    price                   at valuation

          Mercantile Law:The Sales of      29
             Goods Act-1930, An
CONTRACT OF SALE




      Mercantile Law:The Sales of   30
         Goods Act-1930, An
• Section 4 (1) of the Sale of Goods
  Act, 1930 defines the term ‘Contract
  of Sale’ as – 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.

              Mercantile Law:The Sales of   31
                 Goods Act-1930, An
• Essentials of contract of sale:-
(i) There must be at least two parties .
(ii) The subject matter of the contract
   must be goods.
(iii) price
(iv) transfer of property in goods
(v) absolute or conditional .
(vi) All other essential elements of a valid
   contract
               Mercantile Law:The Sales of   32
                  Goods Act-1930, An
• SALE AND AN AGREEMENT TO
  SELL
   The term Sale is defined in the Section
  4(3) of the Sale of Goods Act, 1930 as –
  “where under a contract of sale the
  property in the goods is transferred
  from the seller to the buyer, the
  contract is called a sale.”


               Mercantile Law:The Sales of   33
                  Goods Act-1930, An
Example

• A sells his Yamaha motorcycle to B for
  Rs.10,000. It is sale since the ownership
  of the motorcycle has been transferred
  from A to B.




               Mercantile Law:The Sales of   34
                  Goods Act-1930, An
• The term “Agreement to sell” is
  defined in Section 4(3) of the Sale of
  Goods Act, 1930, as – where under a
  contract of sale 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.



               Mercantile Law:The Sales of   35
                  Goods Act-1930, An
Example
X agrees with Y on 10th of April that
he will sell his house to Y on 10th of
May for a sum of Rs.3 lakhs. It is an
agreement to sell .Since X agrees to
transfer the ownership of his house to
Y in future.


            Mercantile Law:The Sales of   36
               Goods Act-1930, An
Differences
Basis         Sale                 Agreement to
                                   sell

 Nature    Sale is an               Agreement to
   of      executed                   sell is an
Contract   contract.                 executory
                                      contract

               Mercantile Law:The Sales of         37
                  Goods Act-1930, An
Basis       Sale                      Agreement to
                                           sell

Transfer Sale gives to An agreement
   of     the buyer    to sell secure
Owner-     absolute     to the buyer
  ship   ownership of only the right
          the goods.      against a
                         particular
                         individual.
             Mercantile Law:The Sales of              38
                Goods Act-1930, An
Basis       Sale                    Agreement to
                                     sell


Subject   Goods may                    The goods will
matter         be                           be
          ascertained                  unascertained.
           or specific


             Mercantile Law:The Sales of            39
                Goods Act-1930, An
Basis    Sale                      Agreement to
                                    sell
Remedy    In case of                   In case of
  for    breach,the                   breach,the
breach    seller can                seller can only
         only sue for                   sue for
         the price of                  damages
          the goods

             Mercantile Law:The Sales of              40
                Goods Act-1930, An
Sale distinguished from other
      similar contracts
• Sale and Hire Purchase:
  The hire purchase contract is a
  development of modern commercial
  transactions.Here the owner of goods
  delivers the goods to a person who
  agrees to pay certain stipulated
  periodical payments as hire charges.

             Mercantile Law:The Sales of   41
                Goods Act-1930, An
Distinction between the ‘sale’
     and ‘hire-purchase’
     Basis            Sale      Hire
                              purchase
   Transfer of Property in   The goods
   ownership the goods is passes to the
                transferred hirer upon
               to the buyer payment of
               immediately     the last
                at the time installment.
                of contract
               Mercantile Law:The Sales of   42
                  Goods Act-1930, An
Basis        Sale                   Hire-purchase
Position The position The position
         of the buyer is of the hirer is
           that of the that of a bailee
          owner of the till he pays the
              goods           last
                          installment



               Mercantile Law:The Sales of           43
                  Goods Act-1930, An
Basis            Sale                       Hire purchase
Terminatio- The buyer                      The hirer
n           cannot                         may,terminate
            terminate the                  the contract,by
            contract and is                returning the
            bound to pay                   goods to its
            the price of the               owner without
            goods.                         any liability to
                                           pay the
                                           remaining
                                           installment
                 Mercantile Law:The Sales of                   44
                    Goods Act-1930, An
Sale and Bailment
• A ‘bailment’ is the delivery of goods
  for some specific purpose under a
  contract on the condition that the same
  goods are to be returned to the bailor
  or are to be disposed of according to
  the directions of the bailor.


              Mercantile Law:The Sales of   45
                 Goods Act-1930, An
Difference
Basis            Sale                          Bailment
Transfer of The property      There is only
ownership     in goods is       transfer of
             transferred      possession of
               from the      goods from the
             seller to the bailor to the bailee
                 buyer        for any of the
                            reasons like safe
                            custody, carriage
                                   etc.
                 Mercantile Law:The Sales of              46
                    Goods Act-1930, An
Basis     Sale                        Bailment

Return of The return of               The bailee must
goods     goods in                    return the goods
          contract of                 to the bailor on
          sale is not                 the
          possible.                   accomplishment
                                      of the purpose
                                      for which the
                                      bailment was
                                      made.
                 Mercantile Law:The Sales of         47
                    Goods Act-1930, An
Basis    Sale                             Bailment

Considera The                               The
-tion     consideration                     consideratio
          is the price in                   n may be
          terms of                          gratuitous
          money                             or non-
                                            gratuitous


              Mercantile Law:The Sales of                  48
                 Goods Act-1930, An
Sale and contract for work
          and labour
• A contract of sale of goods is one in
  which some goods are sold or are to be
  sold for a price. But where no goods
  are sold, and there is only the doing or
  rendering of some work of labour, then
  the contract is only of work and labour
  and not of sale of goods

               Mercantile Law:The Sales of   49
                  Goods Act-1930, An
Example
• where gold is supplied to a goldsmith
  for preparing an ornament or when
  an artist is asked to paint a picture,
  even when he himself arranges for all
  colours etc is a contract for work and
  labour.


               Mercantile Law:The Sales of   50
                  Goods Act-1930, An
Formalities
            of contract
            of sale


Mercantile Law:The Sales of   51
   Goods Act-1930, An
• Section 5 of the Sale of Goods Act,
  1930 lays down the rule as to how a
  contract of sale may be made and has
  nothing to do with the transfer or
  passing of the property in the goods.




              Mercantile Law:The Sales of   52
                 Goods Act-1930, An
• A contract of sale may be made in any
   of the following modes :
(i) There may be immediate delivery of
   the goods; or
(ii) There may be immediate payment
   of price, but it may be agreed that the
   delivery is to be made at same future
   date; or


               Mercantile Law:The Sales of   53
                  Goods Act-1930, An
(iii) There may be immediate delivery of
   the goods and an immediate payment of
   price; or
(iv) It may be agreed that the delivery or
   payment or both are to be made in
   installments; or
(v) It may be agreed that the delivery or
   payment or both are to be made at some
  future date.

               Mercantile Law:The Sales of   54
                  Goods Act-1930, An
Subject matter of contract of
            sale




          Mercantile Law:The Sales of   55
             Goods Act-1930, An
• The subject matter of contract of sale
  is always the goods. This is enshrined
  in the Sale of Goods Act, 1930 under
  Sections 6,7 and 8. Thus every type of
  movable property falls with in the
  definition of the”goods” given under
  section2(7)of the Sales of goods.



              Mercantile Law:The Sales of   56
                 Goods Act-1930, An
• Goodwill,patents,trademark,copy,
  rights etc. are considered as movable
  properties. Though actionable claims
  and money have been excluded. Money
  here means current money,but not the
  rare or old coins which may be treated
  as goods bought and sold as such.




              Mercantile Law:The Sales of   57
                 Goods Act-1930, An
Existing or future goods

• The subject matter of contract must
  always be goods. The goods may be
  existing or future goods Section 6).




             Mercantile Law:The Sales of   58
                Goods Act-1930, An
Destruction of subject matter of a
            contract
(i) Goods not existing at the time of
  contract: If at the time a contract of
  sale is entered into, the subject-matter
  of a contract being specific goods,
  which without the knowledge of the
  seller have been destroyed or so
  damaged as not to answer to the
  description in the contract, and then
  the contract is void ab initio(Section 7).

               Mercantile Law:The Sales of   59
                  Goods Act-1930, An
(ii) Goods perishing after the contract is
 made: Where there is an agreement to
 sell specific goods and the goods,
 subsequently without any fault of the
 seller or the buyer perish or suffer
 such damages in the agreement before
 the risk passes to the buyer, the
 agreement becomes void (Section 8).


               Mercantile Law:The Sales of   60
                  Goods Act-1930, An
Types of Goods

               Goods




Existing       Future                    Contingent
           Mercantile Law:The Sales of                61
              Goods Act-1930, An
Existing




Specific   Ascertained                   Unascertained

           Mercantile Law:The Sales of              62
              Goods Act-1930, An
Existing Goods
• Goods which are owned or possessed
  by the seller at the time of making the
  contract of sale are called existing
  goods




              Mercantile Law:The Sales of   63
                 Goods Act-1930, An
Example
• Where A agrees to sell his horse to B,
  believing that it exists ,When in fact the
  horse is dead ,no contract will arise.




               Mercantile Law:The Sales of   64
                  Goods Act-1930, An
• The existing goods may be:
(a) Specific goods: goods identified and
  agreed upon at the time of making of
  the contract of sale.
(b) Ascertained goods: Goods identified
  subsequent to the formation of the
  contract      of sale is known as
  ascertained goods.


              Mercantile Law:The Sales of   65
                 Goods Act-1930, An
Example
• X goes to Maruti car centre to purchase a
  car.The dealer has 20 models in his
  shop.These 20 cars shall be called
  unascertained goods.Now,’X” selects a
  particular car of a specific model and the
  dealer agrees to deliver the same.The car so
  selected and approved by X shall be called
  as ascertained Goods.

                Mercantile Law:The Sales of   66
                   Goods Act-1930, An
• Unascertained or generic goods:
  goods which are not specifically
  identified by the buyer, but are
  contracted on the basis of description.




              Mercantile Law:The Sales of   67
                 Goods Act-1930, An
Example
• X has ten horses. He promises to sell
  one of them but does not specify which
  horse he will sell.It is a contract of sale
  of ‘ unascertained goods.’




                Mercantile Law:The Sales of   68
                   Goods Act-1930, An
Future Goods
• Those goods which a seller does not
  possess or own at the time of the
  contract. It is to be manufactured or
  produced or acquired by the seller
  after making the contract of sale.



              Mercantile Law:The Sales of   69
                 Goods Act-1930, An
Example
• C agrees to buy the entire production
  of cotton that would yield in D’s
  farm,at the rate of Rs.1000 per
  quintal.This is an agreement of sale of
  future goods not in possession of the
  seller at the time of contract,they can
  become the subject matter of an
  agreement to sell only and not of sale.
              Mercantile Law:The Sales of   70
                 Goods Act-1930, An
Contingent Goods

• Goods the acquisition of which by the seller
  depends upon a contingency which may or
  may not happen [(Section 6(2)].




                Mercantile Law:The Sales of   71
                   Goods Act-1930, An
Example
• P contracts to sell 50 pieces of
  particular article provided the ship
  which is bringing them reaches the
  port safely. This is an agreement for
  the sale of contingent goods.



              Mercantile Law:The Sales of   72
                 Goods Act-1930, An
The Price




Mercantile Law:The Sales of   73
   Goods Act-1930, An
• ‘Price’     means      the    monetary
  consideration for sale of goods [Section
  2 (10)]. Money means legal tender or
  money in circulation. Old and rare
  coins not come under the scope of this
  definition.
• Price must be either certain and
  definite or must be determined .


               Mercantile Law:The Sales of   74
                  Goods Act-1930, An
Conditions and warranties
• These are the stipulations in a contract
  of sale with reference to subject-matter
  of sale.These stipulations forms a part
  of the contract of sale and breach of it
  provides a remedy to the buyer against
  the seller.



               Mercantile Law:The Sales of   75
                  Goods Act-1930, An
Summary
Contract of sale of goods
• is either sale or an
  agreement to sell.
• Subject-matter must
  always be movable
  goods.
• Consideration may be
  price in terms of
  money.
                Mercantile Law:The Sales of   76
                   Goods Act-1930, An
Differences
Contract    Contract for                 Hire purchase
of sale     work        and              agreement
            labour
It          Here         the             Here property
contempla substance of                   passes     only
            the contract is
tes the                                  after        the
            the exercise of
delivery of skill or labour.             payment of all
goods.      Goods delivery               hire-
            is subsidiary.               instalments.
                 Mercantile Law:The Sales of            77
                    Goods Act-1930, An
Mercantile Law:The Sales of   78
   Goods Act-1930, An
(1) The Sales of goods act
 governs ------------------
a.contract of sale of goods
b.general law of contract
c.law of partnership
d.hire purchase contracts
         Mercantile Law:The Sales of   79
            Goods Act-1930, An
(1) The Sales of goods act
 governs ------------------
a. contract of sale of goods
b. general law of contract
c. law of partnership
d. hire purchase contracts
          Mercantile Law:The Sales of   80
             Goods Act-1930, An
(2) The sales of goods act deals
 with----------------
a. movable property
b. mortgage
c. pledge
d. actionable claim
           Mercantile Law:The Sales of   81
              Goods Act-1930, An
(2) The sales of goods act deals
 with----------------
a.movable property
b.mortgage
c. pledge
d.actionable claim
           Mercantile Law:The Sales of   82
              Goods Act-1930, An
(3) The main object of a contract
  of sale is-
a.transfer of possession of goods
b. transfer of property in goods
c.delivery in goods
d.payment in price

           Mercantile Law:The Sales of   83
              Goods Act-1930, An
(3) The main object of a
 contract of sale is-
a.transfer of possession of
 goods
b.transfer of property in goods
c.delivery in goods
d.payment in price
           Mercantile Law:The Sales of   84
              Goods Act-1930, An
(4) A contract whereby the seller
  transfers the property in goods
  to the buyer for a price, is a-
a.barter system
b.exchange
c.sale
d.mortgage
           Mercantile Law:The Sales of   85
              Goods Act-1930, An
(4) A contract whereby the seller
  transfers the property in goods
  to the buyer for a price, is a-
a. barter system
b. exchange
c.sale
d.mortgage
           Mercantile Law:The Sales of   86
              Goods Act-1930, An
(6) A Corn was delivered on terms that
   on demand either the price would
   be paid or an equal quantity of corn
   would be returned.This is held to
   be-
a. agreement to sell
b. Sale
c. Barter
d. exchange
              Mercantile Law:The Sales of   87
                 Goods Act-1930, An
(6) A Corn was delivered on terms that
    on demand either the price would
    be paid or an equal quantity of corn
    would be returned.This is held to
    be-
a. agreement to sell
b. sale
c. barter
d. exchange
              Mercantile Law:The Sales of   88
                 Goods Act-1930, An
(7) Goods which are in
 existence at the time of the
 Contract of Sale is known as
a.present Goods.
b.existing Goods.
c.specific Goods.
d.none of the above
          Mercantile Law:The Sales of   89
             Goods Act-1930, An
(7) Goods which are in existence
  at the time of the Contract of
  Sale is known as
a.present Goods.
b.existing Goods.
c.specific Goods.
d.none of the above
           Mercantile Law:The Sales of   90
              Goods Act-1930, An
(8) A contract for the sale of
 future goods is-
a. sale
b. void
c. hire purchase contract
d. agreement to sell

          Mercantile Law:The Sales of   91
             Goods Act-1930, An
(8) A contract for the sale of
 future goods is-
a. sale
b. void
c. hire purchase contract
d. agreement to sell

          Mercantile Law:The Sales of   92
             Goods Act-1930, An
(9) The goods identified and
  agreed upon at the time of the
  contract of sale is ------------
a. existing goods
b.future goods
c.specific goods
d.unascertained goods
            Mercantile Law:The Sales of   93
               Goods Act-1930, An
(9) The goods identified and
  agreed upon at the time of the
  contract of sale is ------------
a. existing goods
b. future goods
c. specific goods
d. unascertained goods
            Mercantile Law:The Sales of   94
               Goods Act-1930, An
(10) In       a hire purchase
  agreement ,the hirer-
a.has an option to buy the goods
b.must buy the goods
c.is not given the possession of
  goods
d.must return the goods
           Mercantile Law:The Sales of   95
              Goods Act-1930, An
(10) In       a hire purchase
  agreement ,the hirer-
a.has an option to buy the goods
b.must buy the goods
c.is not given the possession of
  goods
d.must return the goods
           Mercantile Law:The Sales of   96
              Goods Act-1930, An
(11) Consideration in     the
  contract of sale may be in
  terms of-
a. price
b. kind
c. exchange of the goods
d.all of the above
          Mercantile Law:The Sales of   97
             Goods Act-1930, An
(11) Consideration in     the
  contract of sale may be in
  terms of-
a.price
b.kind
c.exchange of the goods
d.all of the above
          Mercantile Law:The Sales of   98
             Goods Act-1930, An
(12) Contract of sale of goods
  must constitute-
a.atleast two parties
b. subject matter must be the
  goods
c. transfer of ownership
d. all the above
          Mercantile Law:The Sales of   99
             Goods Act-1930, An
(12) Contract of sale of goods
  must constitute-
a. atleast two parties
b. subject matter must be the
  goods
c. transfer of ownership
d. all the above
          Mercantile Law:The Sales of   100
             Goods Act-1930, An
(13) If P makes an agreement with
  Q, an artist, to paint a portrait of P
  for 200 dollars & Q uses his own
  canvas & paint.Here it is--
a.Contract of sale.
b.Contract of work & materials.
c.Sale on approval.
d.Hire-Purchase agreement.
              Mercantile Law:The Sales of   101
                 Goods Act-1930, An
(13) If P makes an agreement with
  Q, an artist, to paint a portrait of P
  for 200 dollars & Q uses his own
  canvas & paint.Here it is--
a. Contract of sale.
b. Contract of work & materials.
c. Sale on approval.
d.Hire-Purchase agreement.
              Mercantile Law:The Sales of   102
                 Goods Act-1930, An
(14) R agrees to deliver his old
  motorcycle valued at Rs.25000 to S
  in exchange for a new motorcycle
  and agrees to pay the difference in
  cash it is-
a. contract of sale
b. agreement to sell
c. exchange
d.barter
             Mercantile Law:The Sales of   103
                Goods Act-1930, An
(14) R agrees to deliver his old
  motorcycle valued at Rs.25000 to S
  in exchange for a new motorcycle
  and agrees to pay the difference in
  cash it is-
a. contract of sale
b. agreement to sell
c. exchange
d. barter
             Mercantile Law:The Sales of   104
                Goods Act-1930, An
(15) X, the owner of certain              goods,
  being not aware of this                 fact.A
  pretending to be an owner               of the
  goods sells them to X                    .This
  constitutes -
a.sale
b.agreement to sell
c.no sale
d.none of the above
            Mercantile Law:The Sales of       105
               Goods Act-1930, An
(15) X, the owner of certain              goods,
  being not aware of this                 fact.A
  pretending to be an owner               of the
  goods sells them to X                    .This
  constitutes -
a. sale
b. agreement to sell
c. no sale
d.none of the above
            Mercantile Law:The Sales of       106
               Goods Act-1930, An
THE END




Mercantile Law:The Sales of   107
   Goods Act-1930, An
THE END

The Sales of goods Act-
1930,An Introduction

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Pdf law

  • 1. The Sales of Goods Act- 1930, An Introduction Mercantile Law
  • 2. MERCANTILE LAWS • Mercantile laws are the laws that govern and regulate trade and commerce. • These law deals with rights and obligations of parties to a mercantile agreement. Mercantile Law:The Sales of 2 Goods Act-1930, An
  • 3. SCOPE OF MERCANTILE LAWS Indian Mercantile Laws covers various Acts such as : • The Indian Contract Act,1872. • The Sales of Goods Act,1930. • The Partnership Act,1932. • The Companies Act,1956 . • Copyright Act,etc. Mercantile Law:The Sales of 3 Goods Act-1930, An
  • 4. The Sale of Goods Act,1930 • Originally,the law relating to the sale of goods or movables was contained in the chapter VII of the Indian Contract Act,1872. Mercantile Law:The Sales of 4 Goods Act-1930, An
  • 5. • The Indian Contract Act,1872 embodied the simple and elementary rules relating to the sale of goods. The developments of modern business relations found the Indian Contract Act inadequate to deal with the new regulations or give effect to the new principles. Mercantile Law:The Sales of 5 Goods Act-1930, An
  • 6. • Subsequently the provisions relating to the sale of goods contained in the Indian Contract Act,1872 was repealed and re-enacted by the Sale of Goods Act,1930. Mercantile Law:The Sales of 6 Goods Act-1930, An
  • 7. • This Act has seen several amendments and adaptation orders in due course.The latest one of such was the Multimodal Transportation of Goods Act,1993. Mercantile Law:The Sales of 7 Goods Act-1930, An
  • 8. Introduction • The Sale of Goods Act,1930 was laid down to define and amend the law relating to the sale of goods or movables.The Act came into force on the 1st day of July,1930.It extends to the whole of India except Jammu and Kashmir. Mercantile Law:The Sales of 8 Goods Act-1930, An
  • 9. • This Act lays down special provisions governing the contract of sale of goods. The general law of contract is also applicable to contracts for the sale of goods unless they are inconsistent with the express provisions of the Sale of Goods Act. Mercantile Law:The Sales of 9 Goods Act-1930, An
  • 10. DEFINITIONS • Section 2 of the Sale of Goods Act, 1930 defines the terms which have been frequently used in the Act, which are as follows – Mercantile Law:The Sales of 10 Goods Act-1930, An
  • 11. • Buyer and Seller: ‘Buyer’ means a person who buys or agrees to buy goods [Sub Section (1)]; ‘seller’ means a person who sells or agrees to sell goods [Sub Section (13)]. Mercantile Law:The Sales of 11 Goods Act-1930, An
  • 12. • Goods and other related terms (a)"Goods” means every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass, and things attached to or forming part of the land, which are agreed to be severed before sale or under the contract of sale; [Sub Section (7)]. Mercantile Law:The Sales of 12 Goods Act-1930, An
  • 13. (b) Existing goods are such goods as are in existence at the time of the contract of sale, i.e., those owned or possessed by the seller (Section 6). Mercantile Law:The Sales of 13 Goods Act-1930, An
  • 14. (c) Future goods means goods to be manufactured or produced or acquired by the seller after making the contract of sale [Section 2 (6)]. Mercantile Law:The Sales of 14 Goods Act-1930, An
  • 15. (d) Specific goods means goods identified and agreed upon at the time the contract of a sale has been made [Section 2(14)]. Mercantile Law:The Sales of 15 Goods Act-1930, An
  • 16. (e) Unascertained' goods defined only by description and not identified and agreed upon. (f) Ascertained goods have been held to mean goods identified in accordance with the agreement after the contract of sale has been made. Mercantile Law:The Sales of 16 Goods Act-1930, An
  • 17. (g) Goods are said to be in a deliverable state when they are in such a condition that the buyer would, under contract, be bound to take delivery of them. Mercantile Law:The Sales of 17 Goods Act-1930, An
  • 18. • Delivery - its forms and derivatives: Delivery means voluntary transfer of possession by one person to another [(Section 2(2)]. Mercantile Law:The Sales of 18 Goods Act-1930, An
  • 19. Delivery may be of three kinds, which may be enumerated as follows: (i) Actual delivery: It is actual when the goods are physically delivered to the buyer. (ii) Constructive delivery: When it is effected without any change in the custody or actual possession of the thing as in the case of delivery by attornment (acknowledgement) Mercantile Law:The Sales of 19 Goods Act-1930, An
  • 20. (iii) Symbolic delivery: When there is a delivery of a thing in token of a transfer of something else. Mercantile Law:The Sales of 20 Goods Act-1930, An
  • 21. • "Document of title to goods" includes bill of lading, dock-warrant, warehouse keeper's certificate, wharfingers' certificate, railway receipt, multimodal transport document, warrant or order for the delivery of goods and any other document. Mercantile Law:The Sales of 21 Goods Act-1930, An
  • 22. • It is used in the ordinary course of business as proof of the possession or control of goods or authorising or purporting to authorise, either by endorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented; Mercantile Law:The Sales of 22 Goods Act-1930, An
  • 23. • Mercantile Agent [Sub-section (9)]: It means an agent having in the customary course of business as such agent an authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of the goods Mercantile Law:The Sales of 23 Goods Act-1930, An
  • 24. • Property [Sub-section (11)]: It means the general property (right of owner- ship-in goods) and not merely a special property. Mercantile Law:The Sales of 24 Goods Act-1930, An
  • 25. Flow chart Sale of goods Formation of Performance Suit for breach Contract of Contract of Contract Effects of Unpaid the contract Seller Mercantile Law:The Sales of 25 Goods Act-1930, An
  • 26. Formation of the contract General Price Subject- Conditions matter & Warranties Mercantile Law:The Sales of 26 Goods Act-1930, An
  • 27. General Formalities of Contract of sale The contract Agreement Sale to sell Mercantile Law:The Sales of 27 Goods Act-1930, An
  • 28. Subject- matter Goods perishing before making of contract Existing Goods perishing or before sale but future goods after agreement to sell Mercantile Law:The Sales of 28 Goods Act-1930, An
  • 29. The Price Ascertainment Agreement of to sell price at valuation Mercantile Law:The Sales of 29 Goods Act-1930, An
  • 30. CONTRACT OF SALE Mercantile Law:The Sales of 30 Goods Act-1930, An
  • 31. • Section 4 (1) of the Sale of Goods Act, 1930 defines the term ‘Contract of Sale’ as – 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. Mercantile Law:The Sales of 31 Goods Act-1930, An
  • 32. • Essentials of contract of sale:- (i) There must be at least two parties . (ii) The subject matter of the contract must be goods. (iii) price (iv) transfer of property in goods (v) absolute or conditional . (vi) All other essential elements of a valid contract Mercantile Law:The Sales of 32 Goods Act-1930, An
  • 33. • SALE AND AN AGREEMENT TO SELL The term Sale is defined in the Section 4(3) of the Sale of Goods Act, 1930 as – “where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contract is called a sale.” Mercantile Law:The Sales of 33 Goods Act-1930, An
  • 34. Example • A sells his Yamaha motorcycle to B for Rs.10,000. It is sale since the ownership of the motorcycle has been transferred from A to B. Mercantile Law:The Sales of 34 Goods Act-1930, An
  • 35. • The term “Agreement to sell” is defined in Section 4(3) of the Sale of Goods Act, 1930, as – where under a contract of sale 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. Mercantile Law:The Sales of 35 Goods Act-1930, An
  • 36. Example X agrees with Y on 10th of April that he will sell his house to Y on 10th of May for a sum of Rs.3 lakhs. It is an agreement to sell .Since X agrees to transfer the ownership of his house to Y in future. Mercantile Law:The Sales of 36 Goods Act-1930, An
  • 37. Differences Basis Sale Agreement to sell Nature Sale is an Agreement to of executed sell is an Contract contract. executory contract Mercantile Law:The Sales of 37 Goods Act-1930, An
  • 38. Basis Sale Agreement to sell Transfer Sale gives to An agreement of the buyer to sell secure Owner- absolute to the buyer ship ownership of only the right the goods. against a particular individual. Mercantile Law:The Sales of 38 Goods Act-1930, An
  • 39. Basis Sale Agreement to sell Subject Goods may The goods will matter be be ascertained unascertained. or specific Mercantile Law:The Sales of 39 Goods Act-1930, An
  • 40. Basis Sale Agreement to sell Remedy In case of In case of for breach,the breach,the breach seller can seller can only only sue for sue for the price of damages the goods Mercantile Law:The Sales of 40 Goods Act-1930, An
  • 41. Sale distinguished from other similar contracts • Sale and Hire Purchase: The hire purchase contract is a development of modern commercial transactions.Here the owner of goods delivers the goods to a person who agrees to pay certain stipulated periodical payments as hire charges. Mercantile Law:The Sales of 41 Goods Act-1930, An
  • 42. Distinction between the ‘sale’ and ‘hire-purchase’ Basis Sale Hire purchase Transfer of Property in The goods ownership the goods is passes to the transferred hirer upon to the buyer payment of immediately the last at the time installment. of contract Mercantile Law:The Sales of 42 Goods Act-1930, An
  • 43. Basis Sale Hire-purchase Position The position The position of the buyer is of the hirer is that of the that of a bailee owner of the till he pays the goods last installment Mercantile Law:The Sales of 43 Goods Act-1930, An
  • 44. Basis Sale Hire purchase Terminatio- The buyer The hirer n cannot may,terminate terminate the the contract,by contract and is returning the bound to pay goods to its the price of the owner without goods. any liability to pay the remaining installment Mercantile Law:The Sales of 44 Goods Act-1930, An
  • 45. Sale and Bailment • A ‘bailment’ is the delivery of goods for some specific purpose under a contract on the condition that the same goods are to be returned to the bailor or are to be disposed of according to the directions of the bailor. Mercantile Law:The Sales of 45 Goods Act-1930, An
  • 46. Difference Basis Sale Bailment Transfer of The property There is only ownership in goods is transfer of transferred possession of from the goods from the seller to the bailor to the bailee buyer for any of the reasons like safe custody, carriage etc. Mercantile Law:The Sales of 46 Goods Act-1930, An
  • 47. Basis Sale Bailment Return of The return of The bailee must goods goods in return the goods contract of to the bailor on sale is not the possible. accomplishment of the purpose for which the bailment was made. Mercantile Law:The Sales of 47 Goods Act-1930, An
  • 48. Basis Sale Bailment Considera The The -tion consideration consideratio is the price in n may be terms of gratuitous money or non- gratuitous Mercantile Law:The Sales of 48 Goods Act-1930, An
  • 49. Sale and contract for work and labour • A contract of sale of goods is one in which some goods are sold or are to be sold for a price. But where no goods are sold, and there is only the doing or rendering of some work of labour, then the contract is only of work and labour and not of sale of goods Mercantile Law:The Sales of 49 Goods Act-1930, An
  • 50. Example • where gold is supplied to a goldsmith for preparing an ornament or when an artist is asked to paint a picture, even when he himself arranges for all colours etc is a contract for work and labour. Mercantile Law:The Sales of 50 Goods Act-1930, An
  • 51. Formalities of contract of sale Mercantile Law:The Sales of 51 Goods Act-1930, An
  • 52. • Section 5 of the Sale of Goods Act, 1930 lays down the rule as to how a contract of sale may be made and has nothing to do with the transfer or passing of the property in the goods. Mercantile Law:The Sales of 52 Goods Act-1930, An
  • 53. • A contract of sale may be made in any of the following modes : (i) There may be immediate delivery of the goods; or (ii) There may be immediate payment of price, but it may be agreed that the delivery is to be made at same future date; or Mercantile Law:The Sales of 53 Goods Act-1930, An
  • 54. (iii) There may be immediate delivery of the goods and an immediate payment of price; or (iv) It may be agreed that the delivery or payment or both are to be made in installments; or (v) It may be agreed that the delivery or payment or both are to be made at some future date. Mercantile Law:The Sales of 54 Goods Act-1930, An
  • 55. Subject matter of contract of sale Mercantile Law:The Sales of 55 Goods Act-1930, An
  • 56. • The subject matter of contract of sale is always the goods. This is enshrined in the Sale of Goods Act, 1930 under Sections 6,7 and 8. Thus every type of movable property falls with in the definition of the”goods” given under section2(7)of the Sales of goods. Mercantile Law:The Sales of 56 Goods Act-1930, An
  • 57. • Goodwill,patents,trademark,copy, rights etc. are considered as movable properties. Though actionable claims and money have been excluded. Money here means current money,but not the rare or old coins which may be treated as goods bought and sold as such. Mercantile Law:The Sales of 57 Goods Act-1930, An
  • 58. Existing or future goods • The subject matter of contract must always be goods. The goods may be existing or future goods Section 6). Mercantile Law:The Sales of 58 Goods Act-1930, An
  • 59. Destruction of subject matter of a contract (i) Goods not existing at the time of contract: If at the time a contract of sale is entered into, the subject-matter of a contract being specific goods, which without the knowledge of the seller have been destroyed or so damaged as not to answer to the description in the contract, and then the contract is void ab initio(Section 7). Mercantile Law:The Sales of 59 Goods Act-1930, An
  • 60. (ii) Goods perishing after the contract is made: Where there is an agreement to sell specific goods and the goods, subsequently without any fault of the seller or the buyer perish or suffer such damages in the agreement before the risk passes to the buyer, the agreement becomes void (Section 8). Mercantile Law:The Sales of 60 Goods Act-1930, An
  • 61. Types of Goods Goods Existing Future Contingent Mercantile Law:The Sales of 61 Goods Act-1930, An
  • 62. Existing Specific Ascertained Unascertained Mercantile Law:The Sales of 62 Goods Act-1930, An
  • 63. Existing Goods • Goods which are owned or possessed by the seller at the time of making the contract of sale are called existing goods Mercantile Law:The Sales of 63 Goods Act-1930, An
  • 64. Example • Where A agrees to sell his horse to B, believing that it exists ,When in fact the horse is dead ,no contract will arise. Mercantile Law:The Sales of 64 Goods Act-1930, An
  • 65. • The existing goods may be: (a) Specific goods: goods identified and agreed upon at the time of making of the contract of sale. (b) Ascertained goods: Goods identified subsequent to the formation of the contract of sale is known as ascertained goods. Mercantile Law:The Sales of 65 Goods Act-1930, An
  • 66. Example • X goes to Maruti car centre to purchase a car.The dealer has 20 models in his shop.These 20 cars shall be called unascertained goods.Now,’X” selects a particular car of a specific model and the dealer agrees to deliver the same.The car so selected and approved by X shall be called as ascertained Goods. Mercantile Law:The Sales of 66 Goods Act-1930, An
  • 67. • Unascertained or generic goods: goods which are not specifically identified by the buyer, but are contracted on the basis of description. Mercantile Law:The Sales of 67 Goods Act-1930, An
  • 68. Example • X has ten horses. He promises to sell one of them but does not specify which horse he will sell.It is a contract of sale of ‘ unascertained goods.’ Mercantile Law:The Sales of 68 Goods Act-1930, An
  • 69. Future Goods • Those goods which a seller does not possess or own at the time of the contract. It is to be manufactured or produced or acquired by the seller after making the contract of sale. Mercantile Law:The Sales of 69 Goods Act-1930, An
  • 70. Example • C agrees to buy the entire production of cotton that would yield in D’s farm,at the rate of Rs.1000 per quintal.This is an agreement of sale of future goods not in possession of the seller at the time of contract,they can become the subject matter of an agreement to sell only and not of sale. Mercantile Law:The Sales of 70 Goods Act-1930, An
  • 71. Contingent Goods • Goods the acquisition of which by the seller depends upon a contingency which may or may not happen [(Section 6(2)]. Mercantile Law:The Sales of 71 Goods Act-1930, An
  • 72. Example • P contracts to sell 50 pieces of particular article provided the ship which is bringing them reaches the port safely. This is an agreement for the sale of contingent goods. Mercantile Law:The Sales of 72 Goods Act-1930, An
  • 73. The Price Mercantile Law:The Sales of 73 Goods Act-1930, An
  • 74. • ‘Price’ means the monetary consideration for sale of goods [Section 2 (10)]. Money means legal tender or money in circulation. Old and rare coins not come under the scope of this definition. • Price must be either certain and definite or must be determined . Mercantile Law:The Sales of 74 Goods Act-1930, An
  • 75. Conditions and warranties • These are the stipulations in a contract of sale with reference to subject-matter of sale.These stipulations forms a part of the contract of sale and breach of it provides a remedy to the buyer against the seller. Mercantile Law:The Sales of 75 Goods Act-1930, An
  • 76. Summary Contract of sale of goods • is either sale or an agreement to sell. • Subject-matter must always be movable goods. • Consideration may be price in terms of money. Mercantile Law:The Sales of 76 Goods Act-1930, An
  • 77. Differences Contract Contract for Hire purchase of sale work and agreement labour It Here the Here property contempla substance of passes only the contract is tes the after the the exercise of delivery of skill or labour. payment of all goods. Goods delivery hire- is subsidiary. instalments. Mercantile Law:The Sales of 77 Goods Act-1930, An
  • 78. Mercantile Law:The Sales of 78 Goods Act-1930, An
  • 79. (1) The Sales of goods act governs ------------------ a.contract of sale of goods b.general law of contract c.law of partnership d.hire purchase contracts Mercantile Law:The Sales of 79 Goods Act-1930, An
  • 80. (1) The Sales of goods act governs ------------------ a. contract of sale of goods b. general law of contract c. law of partnership d. hire purchase contracts Mercantile Law:The Sales of 80 Goods Act-1930, An
  • 81. (2) The sales of goods act deals with---------------- a. movable property b. mortgage c. pledge d. actionable claim Mercantile Law:The Sales of 81 Goods Act-1930, An
  • 82. (2) The sales of goods act deals with---------------- a.movable property b.mortgage c. pledge d.actionable claim Mercantile Law:The Sales of 82 Goods Act-1930, An
  • 83. (3) The main object of a contract of sale is- a.transfer of possession of goods b. transfer of property in goods c.delivery in goods d.payment in price Mercantile Law:The Sales of 83 Goods Act-1930, An
  • 84. (3) The main object of a contract of sale is- a.transfer of possession of goods b.transfer of property in goods c.delivery in goods d.payment in price Mercantile Law:The Sales of 84 Goods Act-1930, An
  • 85. (4) A contract whereby the seller transfers the property in goods to the buyer for a price, is a- a.barter system b.exchange c.sale d.mortgage Mercantile Law:The Sales of 85 Goods Act-1930, An
  • 86. (4) A contract whereby the seller transfers the property in goods to the buyer for a price, is a- a. barter system b. exchange c.sale d.mortgage Mercantile Law:The Sales of 86 Goods Act-1930, An
  • 87. (6) A Corn was delivered on terms that on demand either the price would be paid or an equal quantity of corn would be returned.This is held to be- a. agreement to sell b. Sale c. Barter d. exchange Mercantile Law:The Sales of 87 Goods Act-1930, An
  • 88. (6) A Corn was delivered on terms that on demand either the price would be paid or an equal quantity of corn would be returned.This is held to be- a. agreement to sell b. sale c. barter d. exchange Mercantile Law:The Sales of 88 Goods Act-1930, An
  • 89. (7) Goods which are in existence at the time of the Contract of Sale is known as a.present Goods. b.existing Goods. c.specific Goods. d.none of the above Mercantile Law:The Sales of 89 Goods Act-1930, An
  • 90. (7) Goods which are in existence at the time of the Contract of Sale is known as a.present Goods. b.existing Goods. c.specific Goods. d.none of the above Mercantile Law:The Sales of 90 Goods Act-1930, An
  • 91. (8) A contract for the sale of future goods is- a. sale b. void c. hire purchase contract d. agreement to sell Mercantile Law:The Sales of 91 Goods Act-1930, An
  • 92. (8) A contract for the sale of future goods is- a. sale b. void c. hire purchase contract d. agreement to sell Mercantile Law:The Sales of 92 Goods Act-1930, An
  • 93. (9) The goods identified and agreed upon at the time of the contract of sale is ------------ a. existing goods b.future goods c.specific goods d.unascertained goods Mercantile Law:The Sales of 93 Goods Act-1930, An
  • 94. (9) The goods identified and agreed upon at the time of the contract of sale is ------------ a. existing goods b. future goods c. specific goods d. unascertained goods Mercantile Law:The Sales of 94 Goods Act-1930, An
  • 95. (10) In a hire purchase agreement ,the hirer- a.has an option to buy the goods b.must buy the goods c.is not given the possession of goods d.must return the goods Mercantile Law:The Sales of 95 Goods Act-1930, An
  • 96. (10) In a hire purchase agreement ,the hirer- a.has an option to buy the goods b.must buy the goods c.is not given the possession of goods d.must return the goods Mercantile Law:The Sales of 96 Goods Act-1930, An
  • 97. (11) Consideration in the contract of sale may be in terms of- a. price b. kind c. exchange of the goods d.all of the above Mercantile Law:The Sales of 97 Goods Act-1930, An
  • 98. (11) Consideration in the contract of sale may be in terms of- a.price b.kind c.exchange of the goods d.all of the above Mercantile Law:The Sales of 98 Goods Act-1930, An
  • 99. (12) Contract of sale of goods must constitute- a.atleast two parties b. subject matter must be the goods c. transfer of ownership d. all the above Mercantile Law:The Sales of 99 Goods Act-1930, An
  • 100. (12) Contract of sale of goods must constitute- a. atleast two parties b. subject matter must be the goods c. transfer of ownership d. all the above Mercantile Law:The Sales of 100 Goods Act-1930, An
  • 101. (13) If P makes an agreement with Q, an artist, to paint a portrait of P for 200 dollars & Q uses his own canvas & paint.Here it is-- a.Contract of sale. b.Contract of work & materials. c.Sale on approval. d.Hire-Purchase agreement. Mercantile Law:The Sales of 101 Goods Act-1930, An
  • 102. (13) If P makes an agreement with Q, an artist, to paint a portrait of P for 200 dollars & Q uses his own canvas & paint.Here it is-- a. Contract of sale. b. Contract of work & materials. c. Sale on approval. d.Hire-Purchase agreement. Mercantile Law:The Sales of 102 Goods Act-1930, An
  • 103. (14) R agrees to deliver his old motorcycle valued at Rs.25000 to S in exchange for a new motorcycle and agrees to pay the difference in cash it is- a. contract of sale b. agreement to sell c. exchange d.barter Mercantile Law:The Sales of 103 Goods Act-1930, An
  • 104. (14) R agrees to deliver his old motorcycle valued at Rs.25000 to S in exchange for a new motorcycle and agrees to pay the difference in cash it is- a. contract of sale b. agreement to sell c. exchange d. barter Mercantile Law:The Sales of 104 Goods Act-1930, An
  • 105. (15) X, the owner of certain goods, being not aware of this fact.A pretending to be an owner of the goods sells them to X .This constitutes - a.sale b.agreement to sell c.no sale d.none of the above Mercantile Law:The Sales of 105 Goods Act-1930, An
  • 106. (15) X, the owner of certain goods, being not aware of this fact.A pretending to be an owner of the goods sells them to X .This constitutes - a. sale b. agreement to sell c. no sale d.none of the above Mercantile Law:The Sales of 106 Goods Act-1930, An
  • 107. THE END Mercantile Law:The Sales of 107 Goods Act-1930, An
  • 108. THE END The Sales of goods Act- 1930,An Introduction