MANAGEMENT

Detailed explanation-1: -Sale By Sample As Well As By Description For example, A agrees to sell a certain oil described as refined rapeseed oil to B, warranted only equal to sample. The goods that A tenders are found to be equal to the sample but containing a mixture of hemp oil. In such a case B can reject the goods.

Detailed explanation-2: -Implied Conditions. Implied conditions are those conditions that even when not expressed in words or written in the contract are considered to be warranted by the law to be present in the sales contract. In fact, they are automatically implied by law unless any agreement contrary to it is prepared by both parties.

Detailed explanation-3: -Section 4 of Sale of Goods Act define the term “Sale” and “agreement to sell” as follows: 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.