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of Goods • Subsequently the provisions relating to the sale of goods contained in the Indian Contract Act,1872 was repealed and re-enacted by the Sale of Goods Act,1930.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