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INTRODUCTION
The sale of goods act, 1930 governs the contracts relating to sales of goods. Before the present act, the law relating to sale of goods was contained in the Indian contract act,1872. the sale of goods act applies to the whole of India except the state of Jammu and Kashmir.
IMPORTANT TERMS.
CONTRACT OF SALE OF GOODS a contract of sale of goods is a contract whereby the seller transfers or agree to transfer the property in goods to the buyer for a price (section 4). GOODS BUYER SELLER DELIVERY
IMPORTANT TERMS
ACTUAL DELIVERY CONTRACTIVE DELIVER SYMBOLIC DELIVERY
CLASSIFICATION OF GOODS
GOODS
EXISTING GOODS
FUTURE GOODS
CONTINGEN T GOODS
ASCERTAIN OR SPECIFIC
UNASCERTAIN OR GENERIC
WARRANTY
Set up against the seller the breach of warranty in diminution or extension of the price, OR Sue the seller for damages for breach of warranty.
IMPLIED WARRANTIES
Buyer beware
To ascertain price
Deliverable state
Must be ascertained
Delivery to carrier
UNPAID SELLER
Right of resale