BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The Indian Sale of Goods Act, 1930 is a mercantile law which came into existence on 1 July 1930, during the British Raj, borrowing heavily from the United Kingdom’s Sale of Goods Act 1893.

Detailed explanation-2: -(1) A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another. (2) A contract of sale may be absolute or conditional.

Detailed explanation-3: -In India, such sales of goods are governed by the Sale of Goods Act, 1930. This Act has been codified as a separate enactment of the law relating to the sale of goods, which was contained in Sections 76 to 123 of the Indian Contract Act of 1872.

Detailed explanation-4: -What is the purpose behind the enactment of sale of goods act, 1930? To define the laws relating to the sale of goods to consolidate and amend the laws relating to the sale of goods to consolidate, amend and define the laws relating to the sale of goods to define and amend the laws relating to the sale of goods?