The Sale of Goods Act, 1930, is a piece of Indian legislation that governs contracts for the sale of goods, defining the rights and obligations of buyers and sellers. It essentially outlines the legal framework for transactions involving movable property, ensuring clarity and fairness in commercial dealings.
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Scope:
The Act applies to the entire territory of India, except for the state of Jammu and Kashmir.
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Formation of Contract:
It details how a contract of sale is formed, including the offer, acceptance, and the terms of payment and delivery (immediate or postponed).
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Sale vs. Agreement to Sell:The Act distinguishes between a “sale,” where the ownership of goods