THE SALE OF GOODS ACT, 1930

THE SALE OF GOODS ACT, 1930 and Law Forum for lawyers

In this Act, unless there is anything repugnant in the subject or context,­

(1) “buyer” means a person who buys or agrees to buy goods;

(2) “delivery” means voluntary transfer of possession from one person to another;

(3) “goods are said to be in a deliverable state” when they are in such state that the buyer would under the contract be bound to take delivery of them;

(4) 'document of title of goods', includes a bill of lading, dock‑warrant, warehouse‑keeper’s certificate, wharfinger’s certificate, railway receipt, warrant or order for the delivery of goods and any other document used in ordinary course of business as proof of the possession or control of goods, or authorizing or purporting to authorize, either by endorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented

(5) “fault” means wrongful act or defaulter; \n \n (6) “future goods” means goods to be manufactured or produced or acquired by the seller after the making of the contract of sale;

(7) “goods” means every kind of movable property other than actionable claims and money and includes 1[electricity, water, gas], stock and shares,growing crops, gross and things attached to or forming part of the land which are agreed to be served before sale or under the contract of sale;

(8) a person is said to be “insolvent who has ceased to pay his debts in the ordinary course of business, or cannot pay his debts as they become due, whether he has committed an Act of insolvency or not;

(9) “mercantile agent” means a mercantile agent having in the customary course of business, as such agent authority either to sell goods, or to consign goods for the purposes of sale, or to buy goods, or to raise money on the security of goods; \n \n (10) “price” means the money consideration for a sale of goods; \n \n (11) “property” means the general property in goods, and not merely a special property; \n \n (12) “quality of goods” includes their state or condition;

(13) “seller” means a person who sell or agrees to sell goods;

(14) “specific goods” means goods identified and agreed upon at the time a contract of sale is made; and \n \n (15) expression used but not defined in this Act and defined in the Contract Act, 1872, have the meanings assigned to them in that Act.