The Sale of Goods Act, $$1930$$ Lecture Notes

A collection of vocabulary terms and definitions covering the history, basic concepts, and legal definitions under The Sale of Goods Act, $$1930$$."

Previous Regulation

Before the enactment of The Sale of Goods Act, $1930$, the sale and purchase of goods were regulated by the Indian Contract Act, $1872$.

Repealed Sections

Sections $76\text{ to }123$ of the Indian Contract Act, $1872$ were repealed and replaced by The Indian Sale of Goods Act, $1930$.

Commencement Date

The Act came into force on $1\text{st July, }1930$.

Amendment for Title Change

On $22\text{nd September, }1963$, the word 'Indian' was removed, and the Act was renamed 'The Sale of Goods Act, $1930$."

Territorial Extent

The Act extends to the whole of India.

Absolute transfer

A transfer in business which is non reversionary, meaning that the goods will never be transferred back to the seller.

Buyer [$\text{Sec. }2(1)$]

A person who buys or agrees to buy goods.

Seller [$\text{Sec. }2(13)$]

A person who sells or agrees to sell goods.

Delivery [$\text{Sec. }2(2)$]

Voluntary transfer of possession from one person to another.

Goods [$\text{Sec. }2(7)$]

Every kind of movable property other than actionable claims and money; includes stock and shares, growing crops, grass, and things attached to land agreed to be severed before sale.

Money

Current money, including rare and old coins.

Actionable claim

A claim that a person cannot make a present use of or enjoy but can recover by means of a suit or an action, such as a debt due from another.

Document of Title to Goods [$\text{Sec. }2(4)$]

Includes documents like bill of lading, dock warrant, warehouse keeper's certificate, wharfinger's certificate, or railway receipt used as proof of possession or control of goods.