Business Law
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Goods delivery
Goods delivery Meaning of Delivery As per Sec. 2(2) of the Sale of Goods Act, 1930, the voluntary transfer of possession from one person to an other is delivery According to Sec. 33 of the Sale of Goods Act, delivery of goods sold may be made by doing anything, which the parties agree to be treated as delivery or which has the effect of putting the goods in the possession of buyer or of any other person, authorised to hold the…
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Transfer of goods ownership
Transfer of goods ownership Meaning of Transfer of Ownership In the agreements for the sale of goods, the main thing is the transfer of ownership of goods. When the buyer becomes the over of the goods, only then is the transfer of the ownership of goods considered to have been estab-lished. Significance of Transfer of Ownership In the contracts for sale of goods, the transfer of ownership is considered to be very significant due to the following causes : (1)…
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Sales of good act 1930
Sales of good act 1930 Meaning of Contract of Sale According to Sec. 4(1) of the Sale of Goods Act;1930, “A contract of sale is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer, for a price.” The term ‘contract to sale’ is a generic term and includes both a ‘sale’, and an agreement to sale’. Formation of Contract of Sale A contract of sale is made by an offer to buy…
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