11125_PPT of Sales of Goods Act
-
Upload
rajan-yadav -
Category
Documents
-
view
225 -
download
0
Transcript of 11125_PPT of Sales of Goods Act
-
8/13/2019 11125_PPT of Sales of Goods Act
1/108
The Sales of Goods Act-
1930, An Introduction
Mercantile Law
-
8/13/2019 11125_PPT of Sales of Goods Act
2/108
Mercantile Law:The Sales ofGoods Act-1930, An
2
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.
-
8/13/2019 11125_PPT of Sales of Goods Act
3/108
Mercantile Law:The Sales ofGoods Act-1930, An
3
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.
-
8/13/2019 11125_PPT of Sales of Goods Act
4/108
Mercantile Law:The Sales ofGoods Act-1930, An
4
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 ContractAct,1872.
-
8/13/2019 11125_PPT of Sales of Goods Act
5/108
Mercantile Law:The Sales ofGoods Act-1930, An
5
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.
-
8/13/2019 11125_PPT of Sales of Goods Act
6/108
Mercantile Law:The Sales ofGoods Act-1930, An
6
Subsequently the provisions relating tothe sale of goods contained in the
Indian Contract Act,1872 was repealed
and re-enacted by the Sale of GoodsAct,1930.
-
8/13/2019 11125_PPT of Sales of Goods Act
7/108
Mercantile Law:The Sales ofGoods Act-1930, An
7
This Act has seen several amendmentsand adaptation orders in due
course.The latest one of such was the
Multimodal Transportation of GoodsAct,1993.
-
8/13/2019 11125_PPT of Sales of Goods Act
8/108
Mercantile Law:The Sales ofGoods Act-1930, An
8
Introduction
The Sale of Goods Act,1930 was laid
down to define and amend the law
relating to the sale of goods ormovables.The Act came into force on
the 1st day of July,1930.It extends to
the whole of India except Jammu andKashmir.
-
8/13/2019 11125_PPT of Sales of Goods Act
9/108
Mercantile Law:The Sales ofGoods Act-1930, An
9
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.
-
8/13/2019 11125_PPT of Sales of Goods Act
10/108
Mercantile Law:The Sales ofGoods Act-1930, An
10
DEFINITIONS
Section 2 of the Sale of Goods Act,
1930 defines the terms which have been
frequently used in the Act, which areas follows
-
8/13/2019 11125_PPT of Sales of Goods Act
11/108
Mercantile Law:The Sales ofGoods Act-1930, An
11
Buyer and Seller: Buyer means a
person who buys or agrees to buy
goods [Sub Section (1)]; seller
means a person who sells or agrees to
sell goods [Sub Section (13)].
-
8/13/2019 11125_PPT of Sales of Goods Act
12/108
Mercantile Law:The Sales ofGoods Act-1930, An
12
Goods and other related terms
(a)"Goodsmeans every kind of movableproperty other than actionable claims
and money; and includes stock and
shares, growing crops, grass, andthings attached to or forming part of
the land, which are agreed to be
severed before sale or under thecontract of sale; [Sub Section (7)].
-
8/13/2019 11125_PPT of Sales of Goods Act
13/108
Mercantile Law:The Sales ofGoods Act-1930, An
13
(b) Existing goods are such goods as are
in existence at the time of the contract
of sale, i.e., those owned or possessed
by the seller (Section 6).
-
8/13/2019 11125_PPT of Sales of Goods Act
14/108
Mercantile Law:The Sales ofGoods Act-1930, An
14
(c) Future goods means goods to be
manufactured or produced or acquired
by the seller after making the contract
of sale [Section 2 (6)].
-
8/13/2019 11125_PPT of Sales of Goods Act
15/108
Mercantile Law:The Sales ofGoods Act-1930, An
15
(d) Specific goodsmeans goods identified
and agreed upon at the time the
contract of a sale has been made
[Section 2(14)].
-
8/13/2019 11125_PPT of Sales of Goods Act
16/108
Mercantile Law:The Sales ofGoods Act-1930, An
16
(e) Unascertained' goodsdefined only by
description and not identified and
agreed upon.
(f) Ascertained goods have been held to
mean goods identified in accordance
with the agreement after the contractof sale has been made.
-
8/13/2019 11125_PPT of Sales of Goods Act
17/108
Mercantile Law:The Sales ofGoods Act-1930, An
17
(g) Goods are said to be in a deliverable
statewhen they are in such a condition
that the buyer would, under contract,
be bound to take delivery of them.
-
8/13/2019 11125_PPT of Sales of Goods Act
18/108
Mercantile Law:The Sales ofGoods Act-1930, An
18
Delivery- its forms and derivatives:
Delivery means voluntary transfer ofpossession by one person to another
[(Section 2(2)].
-
8/13/2019 11125_PPT of Sales of Goods Act
19/108
Mercantile Law:The Sales ofGoods Act-1930, An
19
Delivery may be of three kinds,
which may be enumerated as follows:
(i) Actual delivery: It is actual when the
goods are physically delivered to the
buyer.
(ii) Constructive delivery: When it is
effected without any change in the
custody or actual possession of thething as in the case of delivery by
attornment (acknowledgement)
-
8/13/2019 11125_PPT of Sales of Goods Act
20/108
Mercantile Law:The Sales ofGoods Act-1930, An
20
(iii) Symbolic delivery: When there is adelivery of a thing in token of a
transfer of something else.
-
8/13/2019 11125_PPT of Sales of Goods Act
21/108
Mercantile Law:The Sales ofGoods Act-1930, An
21
"Document of title to goods" includes
bill of lading, dock-warrant, warehouse
keeper's certificate, wharfingers'
certificate, railway receipt, multimodal
transport document, warrant or order
for the delivery of goods and any other
document.
-
8/13/2019 11125_PPT of Sales of Goods Act
22/108
Mercantile Law:The Sales ofGoods Act-1930, An
22
It is used in the ordinary course of
business as proof of the possession or
control of goods or authorising or
purporting to authorise, either by
endorsement or by delivery, the
possessor of the document to transfer
or receive goods thereby represented;
-
8/13/2019 11125_PPT of Sales of Goods Act
23/108
Mercantile Law:The Sales ofGoods Act-1930, An
23
Mercantile Agent [Sub-section (9)]: It
means an agent having in the
customary course of business as such
agent an authority either to sell goods
or to consign goods for the purpose of
sale or to buy goods or to raise money
on the security of the goods
-
8/13/2019 11125_PPT of Sales of Goods Act
24/108
Mercantile Law:The Sales ofGoods Act-1930, An
24
Property [Sub-section (11)]: It means
the general property (right of owner-
ship-in goods) and not merely a specialproperty.
-
8/13/2019 11125_PPT of Sales of Goods Act
25/108
Mercantile Law:The Sales ofGoods Act-1930, An
25
Flow chart
Sale of goods
Formation ofContract
Effects ofthe contract
Performanceof Contract
Unpaid
Seller
Suit for breach
of Contract
-
8/13/2019 11125_PPT of Sales of Goods Act
26/108
Mercantile Law:The Sales ofGoods Act-1930, An 26
Formation of the contract
General
Subject-
matter
Price
Conditions
&
Warranties
-
8/13/2019 11125_PPT of Sales of Goods Act
27/108
Mercantile Law:The Sales ofGoods Act-1930, An 27
General
Contract of sale Formalities ofThe contract
SaleAgreement
to sell
-
8/13/2019 11125_PPT of Sales of Goods Act
28/108
Mercantile Law:The Sales ofGoods Act-1930, An 28
Subject- matter
Existing
orfuture goods
Goods perishing
before sale butafter agreement
to sell
Goods perishing
before making
of contract
-
8/13/2019 11125_PPT of Sales of Goods Act
29/108
Mercantile Law:The Sales ofGoods Act-1930, An 29
The Price
Ascertainment
of
price
Agreement
to sell
at valuation
-
8/13/2019 11125_PPT of Sales of Goods Act
30/108
Mercantile Law:The Sales ofGoods Act-1930, An 30
CONTRACT OF SALE
-
8/13/2019 11125_PPT of Sales of Goods Act
31/108
Mercantile Law:The Sales ofGoods Act-1930, An 31
Section 4 (1) of the Sale of GoodsAct, 1930 defines the term Contract
of Sale as a contract of sale of
goods is a contract whereby the sellertransfers or agrees to transfer the
property in goods to the buyer for a
price.
-
8/13/2019 11125_PPT of Sales of Goods Act
32/108
Mercantile Law:The Sales ofGoods Act-1930, An 32
Essentials of contract of sale:-
(i) There must be at least two parties .
(ii) The subject matter of the contract
must be goods.
(iii) price(iv) transfer of property in goods
(v) absolute or conditional .
(vi) All other essential elements of a valid
contract
-
8/13/2019 11125_PPT of Sales of Goods Act
33/108
Mercantile Law:The Sales ofGoods Act-1930, An 33
SALE AND AN AGREEMENT TO
SELL
The term Sale is defined in the Section
4(3) of the Sale of Goods Act, 1930 as
where under a contract of sale the
property in the goods is transferred
from the seller to the buyer, the
contract is called a sale.
-
8/13/2019 11125_PPT of Sales of Goods Act
34/108
Mercantile Law:The Sales ofGoods Act-1930, An 34
Example
A sells his Yamaha motorcycle to B for
Rs.10,000. It is sale since the ownership
of the motorcycle has been transferredfrom A to B.
-
8/13/2019 11125_PPT of Sales of Goods Act
35/108
Mercantile Law:The Sales of
Goods Act-1930, An
35
The term Agreement to sell is
defined in Section 4(3) of the Sale of
Goods Act, 1930, as where under acontract of sale the transfer of the
property in the goods is to take place at
a future time or subject to somecondition thereafter to be fulfilled, the
contract is called an agreement to sell.
-
8/13/2019 11125_PPT of Sales of Goods Act
36/108
Mercantile Law:The Sales of
Goods Act-1930, An
36
Example
X agrees with Y on 10th of April that
he will sell his house to Y on 10th of
May for a sum of Rs.3 lakhs. It is an
agreement to sell .Since X agrees to
transfer the ownership of his house to
Y in future.
-
8/13/2019 11125_PPT of Sales of Goods Act
37/108
Mercantile Law:The Sales of
Goods Act-1930, An
37
Differences
Basis Sale Agreement tosell
Nature
of
Contract
Sale is an
executed
contract.
Agreement to
sell is an
executory
contract
-
8/13/2019 11125_PPT of Sales of Goods Act
38/108
Mercantile Law:The Sales of
Goods Act-1930, An
38
Basis Sale Agreement to
sell
Transfer
of
Owner-
ship
Sale gives to
the buyer
absoluteownership of
the goods.
An agreement
to sell secure
to the buyeronly the right
against a
particularindividual.
-
8/13/2019 11125_PPT of Sales of Goods Act
39/108
Mercantile Law:The Sales of
Goods Act-1930, An
39
Basis Sale Agreement to
sell
Subjectmatter Goods maybe
ascertained
or specific
The goods willbe
unascertained.
-
8/13/2019 11125_PPT of Sales of Goods Act
40/108
Mercantile Law:The Sales of
Goods Act-1930, An
40
Basis Sale Agreement to
sell
Remedy
for
breach
In case of
breach,the
seller can
only sue for
the price of
the goods
In case of
breach,the
seller can only
sue for
damages
S l di i i h d f h
-
8/13/2019 11125_PPT of Sales of Goods Act
41/108
Mercantile Law:The Sales of
Goods Act-1930, An
41
Sale distinguished from other
similar contracts Sale and Hire Purchase:
The hire purchase contract is a
development of modern commercialtransactions.Here the owner of goods
delivers the goods to a person who
agrees to pay certain stipulatedperiodical payments as hire charges.
-
8/13/2019 11125_PPT of Sales of Goods Act
42/108
Mercantile Law:The Sales of
Goods Act-1930, An
42
Distinction between the sale
and hire-purchaseBasis Sale Hire
purchase
Transfer of
ownership
Property in
the goods is
transferred
to the buyer
immediatelyat the time
of contract
The goods
passes to the
hirer upon
payment of
the lastinstallment.
-
8/13/2019 11125_PPT of Sales of Goods Act
43/108
Mercantile Law:The Sales of
Goods Act-1930, An
43
Basis Sale Hire-purchase
Position The position
of the buyer is
that of the
owner of the
goods
The position
of the hirer is
that of a bailee
till he pays the
last
installment
-
8/13/2019 11125_PPT of Sales of Goods Act
44/108
Mercantile Law:The Sales of
Goods Act-1930, An
44
Basis Sale Hire purchase
Terminatio-
n
The buyer
cannot
terminate the
contract and is
bound to paythe price of the
goods.
The hirer
may,terminate
the contract,by
returning the
goods to itsowner without
any liability to
pay theremaining
installment
-
8/13/2019 11125_PPT of Sales of Goods Act
45/108
Mercantile Law:The Sales of
Goods Act-1930, An
45
Sale and Bailment
A bailment is the delivery of goods
for some specific purpose under a
contract on the condition that the same
goods are to be returned to the bailor
or are to be disposed of according to
the directions of the bailor.
-
8/13/2019 11125_PPT of Sales of Goods Act
46/108
Mercantile Law:The Sales of
Goods Act-1930, An
46
DifferenceBasis Sale Bailment
Transfer of
ownership
The property
in goods is
transferred
from the
seller to the
buyer
There is only
transfer of
possession of
goods from the
bailor to the bailee
for any of the
reasons like safecustody, carriage
etc.
-
8/13/2019 11125_PPT of Sales of Goods Act
47/108
Mercantile Law:The Sales of
Goods Act-1930, An
47
Basis Sale Bailment
Return ofgoods
The return ofgoods in
contract of
sale is notpossible.
The bailee mustreturn the goods
to the bailor on
theaccomplishment
of the purpose
for which thebailment was
made.
-
8/13/2019 11125_PPT of Sales of Goods Act
48/108
Mercantile Law:The Sales of
Goods Act-1930, An
48
Basis Sale Bailment
Considera
-tion
The
consideration
is the price interms of
money
The
consideratio
n may begratuitous
or non-
gratuitous
S l d t t f k
-
8/13/2019 11125_PPT of Sales of Goods Act
49/108
Mercantile Law:The Sales of
Goods Act-1930, An
49
Sale and contract for work
and labour A contract of sale of goods is one in
which some goods are sold or are to be
sold for a price. But where no goods
are sold, and there is only the doing or
rendering of some work of labour, then
the contract is only of work and labourand not of sale of goods
-
8/13/2019 11125_PPT of Sales of Goods Act
50/108
Mercantile Law:The Sales of
Goods Act-1930, An
50
Example
where gold is supplied to a goldsmith
for preparing an ornament or when
an artist is asked to paint a picture,
even when he himself arranges for all
colours etc is a contract for work and
labour.
-
8/13/2019 11125_PPT of Sales of Goods Act
51/108
Mercantile Law:The Sales of
Goods Act-1930, An
51
Formalities
of contract
of sale
-
8/13/2019 11125_PPT of Sales of Goods Act
52/108
Mercantile Law:The Sales of
Goods Act-1930, An
52
Section 5 of the Sale of Goods Act,1930 lays down the rule as to how a
contract of sale may be made and has
nothing to do with the transfer orpassing of the property in the goods.
-
8/13/2019 11125_PPT of Sales of Goods Act
53/108
Mercantile Law:The Sales of
Goods Act-1930, An
53
A contract of sale may be made in any
of the following modes :
(i) There may be immediate delivery of
the goods; or
(ii) There may be immediate paymentof price, but it may be agreed that the
delivery is to be made at same future
date; or
(iii) Th b i di t d li f
-
8/13/2019 11125_PPT of Sales of Goods Act
54/108
Mercantile Law:The Sales of
Goods Act-1930, An
54
(iii) There may be immediate delivery of
the goods and an immediate payment of
price; or(iv) It may be agreed that the delivery or
payment or both are to be made in
installments; or
(v) It may be agreed that the delivery or
payment or both are to be made at some
future date.
-
8/13/2019 11125_PPT of Sales of Goods Act
55/108
Mercantile Law:The Sales of
Goods Act-1930, An
55
Subject matter of contract of
sale
-
8/13/2019 11125_PPT of Sales of Goods Act
56/108
Mercantile Law:The Sales of
Goods Act-1930, An
56
The subject matter of contract of sale
is always the goods. This is enshrinedin the Sale of Goods Act, 1930 under
Sections 6,7 and 8. Thus every type of
movable property falls with in thedefinition of thegoods given under
section2(7)of the Sales of goods.
-
8/13/2019 11125_PPT of Sales of Goods Act
57/108
-
8/13/2019 11125_PPT of Sales of Goods Act
58/108
Mercantile Law:The Sales of
Goods Act-1930, An
58
Existing or future goods
The subject matter of contract must
always be goods. The goods may be
existing or future goods Section 6).
Destr ction of s bject matter of a
-
8/13/2019 11125_PPT of Sales of Goods Act
59/108
Mercantile Law:The Sales of
Goods Act-1930, An
59
Destruction of subject matter of a
contract(i) Goods not existing at the time of
contract: If at the time a contract ofsale is entered into, the subject-matter
of a contract being specific goods,which without the knowledge of theseller have been destroyed or sodamaged as not to answer to the
description in the contract, and thenthe contract is void ab initio(Section 7).
-
8/13/2019 11125_PPT of Sales of Goods Act
60/108
Mercantile Law:The Sales of
Goods Act-1930, An
60
(ii) Goods perishing after the contract is
made:Where there is an agreement to
sell specific goods and the goods,subsequently without any fault of the
seller or the buyer perish or suffer
such damages in the agreement before
the risk passes to the buyer, the
agreement becomes void (Section 8).
-
8/13/2019 11125_PPT of Sales of Goods Act
61/108
Mercantile Law:The Sales of
Goods Act-1930, An
61
Types of Goods
Goods
Existing Future Contingent
-
8/13/2019 11125_PPT of Sales of Goods Act
62/108
Mercantile Law:The Sales of
Goods Act-1930, An
62
Existing
Specific Ascertained Unascertained
-
8/13/2019 11125_PPT of Sales of Goods Act
63/108
Mercantile Law:The Sales of
Goods Act-1930, An
63
Existing Goods
Goods which are owned or possessed
by the seller at the time of making the
contract of sale are called existing
goods
-
8/13/2019 11125_PPT of Sales of Goods Act
64/108
Mercantile Law:The Sales of
Goods Act-1930, An
64
Example
Where A agrees to sell his horse to B,
believing that it exists ,When in fact the
horse is dead ,no contract will arise.
-
8/13/2019 11125_PPT of Sales of Goods Act
65/108
Mercantile Law:The Sales of
Goods Act-1930, An
65
The existing goods may be:
(a) Specific goods: goods identified and
agreed upon at the time of making of
the contract of sale.
(b) Ascertained goods: Goods identifiedsubsequent to the formation of the
contract of sale is known as
ascertained goods.
-
8/13/2019 11125_PPT of Sales of Goods Act
66/108
Mercantile Law:The Sales of
Goods Act-1930, An
66
Example
X goes to Maruti car centre to purchase a
car.The dealer has 20 models in his
shop.These 20 cars shall be called
unascertained goods.Now,X selects aparticular car of a specific model and the
dealer agrees to deliver the same.The car so
selected and approved by X shall be calledas ascertained Goods.
i i
-
8/13/2019 11125_PPT of Sales of Goods Act
67/108
Mercantile Law:The Sales of
Goods Act-1930, An
67
Unascertained or genericgoods:
goods which are not specifically
identified by the buyer, but are
contracted on the basis of description.
-
8/13/2019 11125_PPT of Sales of Goods Act
68/108
Mercantile Law:The Sales of
Goods Act-1930, An
68
Example
X has ten horses. He promises to sell
one of them but does not specify which
horse he will sell.It is a contract of sale
of unascertained goods.
-
8/13/2019 11125_PPT of Sales of Goods Act
69/108
Mercantile Law:The Sales of
Goods Act-1930, An
69
Future Goods
Those goods which a seller does not
possess or own at the time of the
contract. It is to be manufactured or
produced or acquired by the seller
after making the contract of sale.
-
8/13/2019 11125_PPT of Sales of Goods Act
70/108
Mercantile Law:The Sales of
Goods Act-1930, An
70
Example
C agrees to buy the entire production
of cotton that would yield in Ds
farm,at the rate of Rs.1000 per
quintal.This is an agreement of sale of
future goods not in possession of the
seller at the time of contract,they can
become the subject matter of an
agreement to sell only and not of sale.
-
8/13/2019 11125_PPT of Sales of Goods Act
71/108
Mercantile Law:The Sales of
Goods Act-1930, An
71
Contingent Goods
Goods the acquisition of which by the seller
depends upon a contingency which may or
may not happen [(Section 6(2)].
-
8/13/2019 11125_PPT of Sales of Goods Act
72/108
Mercantile Law:The Sales of
Goods Act-1930, An
72
Example
P contracts to sell 50 pieces of
particular article provided the ship
which is bringing them reaches the
port safely. This is an agreement for
the sale of contingent goods.
-
8/13/2019 11125_PPT of Sales of Goods Act
73/108
Mercantile Law:The Sales of
Goods Act-1930, An
73
The Price
-
8/13/2019 11125_PPT of Sales of Goods Act
74/108
Mercantile Law:The Sales of
Goods Act-1930, An
74
Price means the monetary
consideration for sale of goods [Section
2 (10)]. Money means legal tender or
money in circulation. Old and rare
coins not come under the scope of this
definition.
Price must be either certain and
definite or must be determined .
C diti d ti
-
8/13/2019 11125_PPT of Sales of Goods Act
75/108
Mercantile Law:The Sales of
Goods Act-1930, An
75
Conditions and warranties
These are the stipulations in a contractof sale with reference to subject-matter
of sale.These stipulations forms a part
of the contract of sale and breach of itprovides a remedy to the buyer against
the seller.
S
-
8/13/2019 11125_PPT of Sales of Goods Act
76/108
Mercantile Law:The Sales of
Goods Act-1930, An
76
SummaryContract of sale of goods
is either sale or anagreement to sell.
Subject-matter must
always be movablegoods.
Consideration may be
price in terms ofmoney.
Differences
-
8/13/2019 11125_PPT of Sales of Goods Act
77/108
Mercantile Law:The Sales of
Goods Act-1930, An
77
DifferencesContract for
work andlabour
Hire purchase
agreement
Here the
substance ofthe contract is
the exercise of
skill or labour.
Goods delivery
is subsidiary.
Here property
passes onlyafter the
payment of all
hire-instalments.
Contract
of sale
It
contemplates the
delivery of
goods.
-
8/13/2019 11125_PPT of Sales of Goods Act
78/108
Mercantile Law:The Sales of
Goods Act-1930, An
78
(1) Th S l f d t
-
8/13/2019 11125_PPT of Sales of Goods Act
79/108
Mercantile Law:The Sales of
Goods Act-1930, An
79
(1) The Sales of goods act
governs ------------------a.contract of sale of goods
b.general law of contractc.law of partnership
d.hire purchase contracts
(1) Th S l f d t
-
8/13/2019 11125_PPT of Sales of Goods Act
80/108
Mercantile Law:The Sales of
Goods Act-1930, An
80
(1) The Sales of goods act
governs ------------------a. contract of sale of goods
b. general law of contractc. law of partnership
d. hire purchase contracts
(2) f
-
8/13/2019 11125_PPT of Sales of Goods Act
81/108
Mercantile Law:The Sales of
Goods Act-1930, An
81
(2) The sales of goods act deals
with----------------a. movable property
b. mortgagec. pledge
d. actionable claim
-
8/13/2019 11125_PPT of Sales of Goods Act
82/108
Mercantile Law:The Sales of
Goods Act-1930, An
82
(2) The sales of goods act deals
with----------------a.movable property
b.mortgage
c. pledge
d.actionable claim
(3) Th i bj t f t t
-
8/13/2019 11125_PPT of Sales of Goods Act
83/108
Mercantile Law:The Sales of
Goods Act-1930, An
83
(3) The main object of a contract
of sale is-
a.transfer of possession of goods
b. transfer of property in goods
c.delivery in goods
d.payment in price
(3) The main object of a
-
8/13/2019 11125_PPT of Sales of Goods Act
84/108
Mercantile Law:The Sales of
Goods Act-1930, An
84
(3) The main object of acontract of sale is-
a.transfer of possession ofgoods
b.transfer of property in goods
c.delivery in goods
d.payment in price
(4) A contract whereby the seller
-
8/13/2019 11125_PPT of Sales of Goods Act
85/108
Mercantile Law:The Sales of
Goods Act-1930, An
85
(4) A contract whereby the seller
transfers the property in goods
to the buyer for a price, is a-
a.barter system
b.exchange
c.sale
d.mortgage
(4) A contract whereby the seller
-
8/13/2019 11125_PPT of Sales of Goods Act
86/108
Mercantile Law:The Sales of
Goods Act-1930, An
86
(4) A contract whereby the seller
transfers the property in goods
to the buyer for a price, is a-
a. barter system
b. exchange
c.sale
d.mortgage
(6) A Corn was delivered on terms that
-
8/13/2019 11125_PPT of Sales of Goods Act
87/108
Mercantile Law:The Sales of
Goods Act-1930, An
87
(6) A Corn was delivered on terms that
on demand either the price would
be paid or an equal quantity of cornwould be returned.This is held to
be-
a. agreement to sell
b. Sale
c. Barter
d. exchange
(6) A Corn was delivered on terms that
-
8/13/2019 11125_PPT of Sales of Goods Act
88/108
Mercantile Law:The Sales of
Goods Act-1930, An
88
(6) A Corn was delivered on terms that
on demand either the price would
be paid or an equal quantity of cornwould be returned.This is held to
be-
a. agreement to sell
b. sale
c. barter
d. exchange
-
8/13/2019 11125_PPT of Sales of Goods Act
89/108
(7) Goods which are in existence
-
8/13/2019 11125_PPT of Sales of Goods Act
90/108
Mercantile Law:The Sales of
Goods Act-1930, An
90
(7) Goods which are in existence
at the time of the Contract of
Sale is known as
a.present Goods.
b.existing Goods.
c.specific Goods.
d.none of the above
(8) A contract for the sale of
-
8/13/2019 11125_PPT of Sales of Goods Act
91/108
Mercantile Law:The Sales of
Goods Act-1930, An
91
(8) A contract for the sale of
future goods is-
a. sale
b. voidc. hire purchase contract
d. agreement to sell
(8) A contract for the sale of
-
8/13/2019 11125_PPT of Sales of Goods Act
92/108
Mercantile Law:The Sales of
Goods Act-1930, An
92
(8) A contract for the sale of
future goods is-a. sale
b. voidc. hire purchase contract
d. agreement to sell
(9) The goods identified and
-
8/13/2019 11125_PPT of Sales of Goods Act
93/108
Mercantile Law:The Sales of
Goods Act-1930, An
93
(9) The goods identified and
agreed upon at the time of the
contract of sale is ------------
a. existing goods
b.future goods
c.specific goods
d.unascertained goods
(9) Th d id tifi d d
-
8/13/2019 11125_PPT of Sales of Goods Act
94/108
Mercantile Law:The Sales of
Goods Act-1930, An
94
(9) The goods identified and
agreed upon at the time of thecontract of sale is ------------
a. existing goods
b. future goods
c. specific goods
d. unascertained goods
(10) In a hire purchase
-
8/13/2019 11125_PPT of Sales of Goods Act
95/108
Mercantile Law:The Sales of
Goods Act-1930, An
95
(10) In a hire purchase
agreement ,the hirer-
a.has an option to buy the goods
b.must buy the goods
c.is not given the possession of
goods
d.must return the goods
(10) In a hire purchase
-
8/13/2019 11125_PPT of Sales of Goods Act
96/108
Mercantile Law:The Sales of
Goods Act-1930, An
96
(10) In a hire purchase
agreement ,the hirer-
a.has an option to buy the goods
b.must buy the goods
c.is not given the possession of
goods
d.must return the goods
(11) Consideration in the
-
8/13/2019 11125_PPT of Sales of Goods Act
97/108
Mercantile Law:The Sales of
Goods Act-1930, An
97
(11) Consideration in the
contract of sale may be in
terms of-
a. price
b. kind
c. exchange of the goods
d.all of the above
(11) Consideration in the
-
8/13/2019 11125_PPT of Sales of Goods Act
98/108
Mercantile Law:The Sales of
Goods Act-1930, An
98
(11) Consideration in the
contract of sale may be in
terms of-
a.price
b.kind
c.exchange of the goods
d.all of the above
(12) Contract of sale of goods
-
8/13/2019 11125_PPT of Sales of Goods Act
99/108
Mercantile Law:The Sales of
Goods Act-1930, An
99
(12) Contract of sale of goods
must constitute-a.atleast two parties
b. subject matter must be thegoods
c. transfer of ownership
d. all the above
(12) Contract of sale of goods
-
8/13/2019 11125_PPT of Sales of Goods Act
100/108
Mercantile Law:The Sales of
Goods Act-1930, An
100
(12) Contract of sale of goods
must constitute-
a. atleast two parties
b. subject matter must be the
goods
c. transfer of ownership
d. all the above
(13) If P makes an agreement with
-
8/13/2019 11125_PPT of Sales of Goods Act
101/108
Mercantile Law:The Sales of
Goods Act-1930, An
101
( ) gQ, an artist, to paint a portrait of P
for 200 dollars & Q uses his owncanvas & paint.Here it is--
a.Contract of sale.b.Contract of work & materials.
c.Sale on approval.
d.Hire-Purchase agreement.
(13) If P makes an agreement with
-
8/13/2019 11125_PPT of Sales of Goods Act
102/108
Mercantile Law:The Sales of
Goods Act-1930, An
102
(13) If P makes an agreement with
Q, an artist, to paint a portrait of P
for 200 dollars & Q uses his own
canvas & paint.Here it is--
a. Contract of sale.b. Contract of work & materials.
c. Sale on approval.d.Hire-Purchase agreement.
(14) R agrees to deliver his old
-
8/13/2019 11125_PPT of Sales of Goods Act
103/108
Mercantile Law:The Sales of
Goods Act-1930, An
103
motorcycle valued at Rs.25000 to S
in exchange for a new motorcycleand agrees to pay the difference in
cash it is-
a. contract of sale
b. agreement to sell
c. exchange
d.barter
(14) R agrees to deliver his old
-
8/13/2019 11125_PPT of Sales of Goods Act
104/108
Mercantile Law:The Sales of
Goods Act-1930, An
104
( ) gmotorcycle valued at Rs.25000 to S
in exchange for a new motorcycleand agrees to pay the difference incash it is-
a. contract of sale
b. agreement to sell
c. exchanged. barter
(15) X, the owner of certain goods,
-
8/13/2019 11125_PPT of Sales of Goods Act
105/108
Mercantile Law:The Sales of
Goods Act-1930, An
105
being not aware of this fact.A
pretending to be an owner of thegoods sells them to X .Thisconstitutes -
a.saleb.agreement to sell
c.no saled.none of the above
(15) X, the owner of certain goods,
-
8/13/2019 11125_PPT of Sales of Goods Act
106/108
Mercantile Law:The Sales of
Goods Act-1930, An
106
( ) , g ,being not aware of this fact.A
pretending to be an owner of thegoods sells them to X .Thisconstitutes -
a. sale
b. agreement to sell
c. no saled.none of the above
-
8/13/2019 11125_PPT of Sales of Goods Act
107/108
Mercantile Law:The Sales of
Goods Act-1930, An
107
THE END
-
8/13/2019 11125_PPT of Sales of Goods Act
108/108