Thursday, September 10, 2009

Sale of goods.

Sale of goods:

The sale of goods is the most common of all comercial contacto all knowledge of its main purpose is to ulmost importance to all classes of the community.

Contracts for the sale of goods are subject to the genral legal principal applicable to all contracts, such as offer and its acceptance, the capacity of the parties, free and real consent, consideration, and legality of the object.

The expressions used to but not defined in the sale of goods and difiend in the contract act have the meanings assighned to them in the contract.

Formation of contract of sale:

Contract of sale of goods:

A contract of sale of goods is a contract where by the seller transfer or agrees to transfer the property in goods to the buyer for price. There may be a contract of sale between one part owner and another contract of sale may be about conditional.

The term contract sale is a genric term and includes both a sale and an agreement to sell.

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